30 Jan '17, 12pm

Bitcoin Price Finds Stability As Market Factors In China Crackdown

Bitcoin Price Finds Stability As Market Factors In China Crackdown

Bitcoin price movements due to China are something that the markets have taken into consideration. We can say then that the action of the Chinese regulator has put a smaller dent into Bitcoin price then it could have. Bitcoin media including Cointelegraph have been in part responsible for this. We have covered the China story from the beginning and informed our readership about the PBOC story as it developed. While some may have argued that there was no story surrounding PBOC other than ‘routine inspections’, the fact remains that the volatility in Bitcoin price stemmed from the Chinese exchanges and if we have come to an era where wild fluctuations in Bitcoin are a thing of the past, we should welcome in that era. A more stable Bitcoin increases its functionality as a currency and inspires more confidence. Slow and steady is the wave of the future.

Full article: https://cointelegraph.com/news/bitcoin-price-finds-stabil...

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