BITCOIN new price high leads to some RESTRICTIONS and PROBLEMS

Bitcoin achieved a new price high of $4,703.42 during Tuesday's trading, according to CoinDesk.
Thus, from the beginning of the month, Bitcoin recorded almost 70% growth in its price, with a total market capitalization of $ 80 billion. The new historical maximum will hardly surprise anyone, as the price of the most popular cryptocurrency has increased nearly 5 times since the beginning of the year, conquering peak after peak.

GREAT POPULARITY COMES WITH GREAT PROBLEMS

The great popularity, however, is followed by great problems. More and more people are beginning to complain about issues regarding their accounts. Especially in the United States, as the authorities there imposed restrictions on the major Bitcoin exchange markets to prevent possible money laundering.

As a result, users have been restricted with transaction limits, which is reflected in the time required to pay, withdraw funds, and so on.

The Consumer Financial Protection Bureau (CFPB) in USA predicts that 425 complaints will be received this year regarding cryptocurrencies. In compare to last year when the institution received only 7 complaints related to cryptocurrencies, CNBC wrote.

A large percentage of complaints in USA are against Coinbase, one of the largest cryptocurrency exchange markets. Last year, 6 out of the 7 complaints were against Coinbase, while this year the number of complaints against the company has now reached 288.

Users are also regularly complaining via posts and comments in social networks. The most common problems are blocked accounts, unfulfilled transactions, and inability to withdraw funds from accounts, which ultimately equates to serious financial losses for ordinary investors.

Because of the authorities' intervention, some major exchange markets have announced that they are discontinuing customer service in the USA.

Either way, the interest in virtual currencies does not go away. The digital asset market is larger than ever, approaching nearly 170 billion dollars, according to CoinMarketCap.