Bitcoin prices have been trading sideways for the last few weeks, moving within a reasonably tight range as many investors wait to see what China's regulatory environment will look like going forward.
The digital currency's price has primarily traded below $4,000 since September 14, according to the CoinDesk Bitcoin Price Index (BPI).
The currency has suffered this malaise after surging to more than $5,000 on September 2 and then promptly falling back from that level.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Following this decline, Bitcoin prices, along with the price of many other digital currencies, pushed higher, but encountered some difficulty as the regulatory environment for these digital assets became increasingly uncertain.
Regulatory Crackdown
Chinese authorities banned initial coin offerings (ICOs) on September 4, according to CoinDesk. This came after the nation's government officials investigated the exchanges, as well as them permitting no-fee trading, earlier this year.
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!
Ok i will take care of this
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.nairaland.com/4077622/cryptocoins-bitcoins-investors-prepared-lose
speculation is being made. He made Chinese first. Then Jamie Dimon did it. The price of the right bitcoin will rise at the end of the year. Look at the picture below and after seeing speculation, please see how big a bitcoin Jamie Dimon buys
Great. I THINK you have a good knowledge about bitcoin. Do you have more good knowledge about steemit @rosetrader