ESMA warns against crypto ‘hype’ as bitcoin hits fresh all-time high
The European Securities and Markets Authority (EMSA) has issued a warning on crypto assets following another spike in the price of bitcoin.
In a statement, EMSA said bitcoin’s sharp uptick in price “reflects an intensifying interest in relation to crypto-assets and confirms their highly volatile nature.”
“ESMA is cautioning investors against being caught up in this hype. They should reflect carefully before making any financial decision and consider their financial needs and objectives,” the authority added.
It comes after the price of bitcoin skyrocketed as high as $106,500 in December following the re-election of Donald Trump, who has been a vocal advocate for cryptocurrencies.
ESMA added despite the European…
