Bitcoin price dropped just as the SEC unveiled its decision but managed to recover quickly keeping close to $1,200 barrier.
The Securities and Exchange Commission has denied a request to launch the Winklevoss Bitcoin Trust ETF, prompting bitcoin price to fall by 35% within a day.
The news can be a sign that Bitcoin is becoming more mainstream and investors get more interested to invest in the cryptocurrency.
Chinese leading trading platforms have imposed halts on withdrawals resulting in traders flocking to peer-to-peer marketplaces to continue buying and selling bitcoin.
Bitcoin future in the Asian market is arousing speculations after Chinese exchanges suspend Bitcoin withdrawals.
Managers of world’s leading bitcoin exchanges discuss why bitcoin price has been so volatile recently.
The People’s Bank of China found some violation of rules in the operations of major bitcoin exchanges.
The current price slump is strongly connected with attempts of China to shore up the yuan.
Bitcoin has gained 123% in 2016, making it the top performing currency for the second year in a row.
Bitcoin offers instant and anonymous transactions, which made the cryptocurrency gain increased popularity in 2016.
Bitcoin is continuing its end-of-the-year bull rally, with the cryptocurrency price demonstrating its best performance over the last three years.
Bitcoin experts emphasize a correlation between the financial problems in India and a bitcoin price rise.