Bitcoin Price on the Rise Again After Regulatory Crackdown in China

It seems that the drama with the PBOC and regulations in China is becoming less and less significant, as these news don’t seem to have as much impact on the price. In fact, the price is on the way to recovered to pre-crackdown prices as Bitcoin is trading at $1035 on Bitstamp. On Feb. 9th, the PBOC released quite a threatening statement which tanked Bitcoin’s price 10%, on the bright side it looks like the worst is behind and Bitcoin is setting a new price floor at $1000.
Read more: https://themerkle.com/bitcoin-price-on-the-rise-after-regulatory-crackdown/?source=Snapzu