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As the Christmas holiday came to a close and the business week started picking up steam, Bitcoin’s price saw a reversal back towards former highs, short after suffering one of the most notable price crashes this year. Currently, the price is back over the $16,000 range – a vast improvement
During the past week, the price of Bitcoin crashed a number of records, surpassing even the optimistic predictions we spoke about two weeks ago that estimated a price gain of 28% over the $6,900 level at the time, which has long been exceeded. As current market stats show, the new
Bitcoin’s price regains former levels and once again proves resistant to significant blows from regulators that used to have a much more drastic effect on its stability. After the reality of Chinese Bitcoin exchanges stopping activity kicked in last week, the price went down from around $3,900 to losing several
The price of Bitcoin suffered yet another hit after news reports coming in from China revealed that the local authorities plan to shut down Chinese Bitcoin exchanges. Only last Monday an official update from the People’s Bank of China (PBOC) hit Bitcoin’s price after it was revealed that the government