BITCOIN'S price has clawed back some of its losses after sinking in response to speculation China was to close down local cryptocurrency exchanges.
The digital currency is now sitting at around $4,317 - rising by around three per cent on Tuesday.
Bitcoin's price yesterday hit lows of around $4,100, losing around $800 since the start of the month when the price came within touching distance of $5,000.
Speculation is rife the Chinese government is launching a crackdown on exchanges, prompting traders to sell off the cryptocurrency.
The world's second largest economy previously decided to ban initial coin offerings, which are used to raise funds with new digital tokens.
The moves signal a marked hostility towards bitcoin and cryptocurrency in China.
Source: http://f-g-c.com/tag/bounces/
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
Some tips to share content and add value:
Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
Deleted.
Deleted.