Bitcoin Price on the Rise Again After Regulatory Crackdown in China

Bitcoin Price on the Rise Again After Regulatory Crackdown in China

It seems that the drama with the PBOC and regulations in China is becoming less and less significant, as these news don’t seem to have as much impact on the price. In fact, the price is on the way to recovered to pre-crackdown prices as Bitcoin is trading at $1035 on Bitstamp. On Feb. 9th, the PBOC released quite a threatening statement which tanked Bitcoin’s price 10%, on the bright side it looks like the worst is behind and Bitcoin is setting a new price floor at $1000.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s