Bitcoin Proves Its Power Again!

In News
Bitcoin

Bitcoin is back!

We all know that Bitcoin had a hard time lately from the Chinese market as Chinese government implemented a stricter regulation for Bitcoin. People were skeptical as to how would this affect Bitcoin knowing the fact that China plays a huge role in Bitcoin’s market.

But fear no more, Bitcoin’s resilient enough to fight any threat that would try to Bitcoin apart. Bitcoin has redeemed its place and is now rising, again!

Bitcoin’s price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.

After China’s early September ban on initial coin offerings (ICOS), news on September 15 that bitcoin exchanges were shutting down following directives from government officials sparked a market drop that sent prices reeling to a low of $2,981.

Since then, however, markets have recovered, and this morning’s session saw bitcoin reach a price of $4,061 at press time, according to CoinDesk’s Bitcoin Price Index.

Other cryptocurrencies are experiencing gains today as well. The combined cryptocurrency market capitalization is currently at $137 billion, according to CoinMarketCap data, up from a low of below $100 billion just three days ago.

Among the top 10 cryptocurrencies by market cap, several have seen notable rises in the past 24 hours, with ether (19 percent), bitcoin cash (14.3 percent) and IOTA (26.2 percent) reporting significant gains.

via Coindesk


You may also read!

Cryptocurrency

Cryptocurrency Investments Continue Despite Skepticism

Since the introduction of cryptocurrency in the market, skepticism cannot be disregarded but investors continue to capitalize until now

Read More...
text messaging

No More Net Neutrality For Text Messaging Either

After picking on the internet, the Federal Communications Commission is now focusing on how it will kill net neutrality

Read More...
internet

Even Rural Areas Must Have Fast Internet

The internet was created for everybody and not just for those who can afford it. Presently, the broadband is

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu