China Pushes Bitcoin Bellow $900 for the Second Day in a Row

[kreslik.news]

As China dominates the bitcoin ecosystem, with both the biggest mining operations and most active exchanges, every development in the market can send the price of the cryptocurrency shooting up or down. Today it is down again.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Yesterday it was unconfirmed online rumors of a clampdown on virtual capital outflows in China that triggered a selloff, sending the price from as high as $1140 to lower than $900. Today it is an official call to act rationally by the People’s Bank of China (PBOC) that spooked investors. After ... (read more)