Tag Archives: China

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout

The bitcoin-US dollar exchange rate (BTC/USD) may have climbed back above $4,000, but it might be ready to push higher even though China uncertainty reigns supreme. Following reports the country’s regulators┬ámay be seeking to shut down domestic bitcoin exchanges, the bitcoin price fell to a low of $3,977 on the CoinDesk Bitcoin Price Index (BPI) […]

Report Casts Doubt on Future of China’s Bitcoin Exchanges

Report Casts Doubt on Future of China’s Bitcoin Exchanges

Regulators in China are said to be considering a move to close all domestic bitcoin and cryptocurrency exchanges. According to a report from business media Caixin, sources close to China’s internet financial risk rectification work group, have said the decision has not only been reached, but delivered and deployed to local authorities. The work group […]