Bitcoin's Price Volatile at $900 as China Concerns Linger
Bitcoin prices experienced intense price volatility on 9th January, continuing a trend that's been the new normal since late last week. Prices fell nearly 5% in less than two hours across global exchange today, declining from an opening price of $913 to a daily low of $878, according to CoinDesk USD Bitcoin Price Index (BPI) data. After falling, bitcoin prices rose roughly 3.4% to $908.37, before tapering off again below $900. The continued market volatility comes in the wake of new concerns that the Chinese government may impose further restrictions on the digital currency. Recently, the....
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Bitcoin prices tumbled more than 10% during morning trading, dipping below the $800 mark. Markets saw an average low of $779.54, according to the CoinDesk Bitcoin Price Index (BPI), the first time the price has been reported below $800 since 21st December. The drop came after the price traded just above $900 during overnight activity, and represents a nearly 39% fall from the 2017 peak of around $1,153. 2017 has been a volatile year thus far for the digital currency’s price. The start of the week saw the price shift above and below $900 as concerns over rumors of new regulations coming out....
Bitcoin prices continued to fluctuate around $1,000 today, as the global digital currency markets saw technical resistance around this figure. Overall, bitcoin traded traded above $1,000 for roughly the first eight hours of the day, reaching as much as $1,007 during the session, CoinDesk Bitcoin Price Index (BPI) figures reveal. Prices fell below $1,000 at 08:15 UTC, however, and failed to break through that level for the remainder of the day. At the time of report, the currency was trading at $998.42, according to the BPI. All eyes on China. According to analysts, traders remain reluctant....
The price of bitcoin enjoyed a break from its recent volatility today, spending most of the day trading within reasonably tight ranges. Overall, the digital currency's price started by fluctuating mostly between $745 and $775, CoinDesk Bitcoin Price Index (BPI) figures reveal, before tracking higher. Later, the price would edge upward, passing $800 at 16:30 UTC, and proceeding to trade between $800 and $820 until roughly 21:00 UTC. At the time of report, bitcoin was trading at $804.30. Though this may seem like a bumpy day, the developments follow nearly a week of sessions in which prices....
Bitcoin price has experienced a lot of volatility since the beginning of 2017. This is as a result of the combination of increased rate of adoption and the actions of governments in an attempt to regulate the Bitcoin environment. The China effect. China has seen a lot of activities surrounding its peculiar Bitcoin community, most recent of which is the suspension of withdrawals by two of the biggest exchanges within the ecosystem due to regulation concerns. Despite the frequency of activities and news that has made the Bitcoin and altcoins market very volatile, players insist that there is....
Bitcoin dropped 3% Wednesday after news broke of a closed meeting between Chinese exchanges and the People’s Bank of China (PBoC). Money Laundering ‘On Agenda’. The talks, which are ongoing, are the latest in a series of investigatory moves by regulators, who have expressed concerns about the legality of certain financial practices. Local news resource cnLedger said the meetings were unconfirmed, but Bloomberg quoted unnamed sources stating the the meeting was indeed going ahead. Bitcoin has been sensitive to regulatory moves in China since a trading frenzy over the new year period sent....