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China crackdown sends Bitcoin sliding

collected by :Rechard Bernard

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While China Inspections Deal Blow to BTC Price, Bitcoin Hits $1080 in India

While China Inspections Deal Blow to BTC Price, Bitcoin Hits $1080 in India*/

– News on the Chinese Central Banks’ inspections of Bitcoin exchanges led to a significant decline in the price of Bitcoin.Yet, some markets remain unaffected, including India, which demonstrated an all-time high value of Bitcoin at $1,080.Media reported that Chinese Bitcoin exchanges including BTCC, Huobi and OKCoin were under scrutiny.
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China crackdown sends Bitcoin sliding

China crackdown sends Bitcoin sliding*/

– Image copyright ReutersChinese spot checks on Bitcoin trading have hit the digital currency’s value.China’s central bank said it wanted to investigate market manipulation, money laundering and unauthorised financing.Chinese exchanges trading in the currency have seen the price of Bitcoin fall more than 16%.
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Bitcoin falls 10% as China plans to investigate exchanges

Bitcoin falls 10% as China plans to investigate exchanges*/

– Chinese investors dominate the global bitcoin volume trade.For some time, Chinese regulators have been concerned about bitcoin and whether it is having a negative effect on the renminbi.Last week, the People’s Bank of China met with three of the country’s largest bitcoin exchanges to talk about market regulations.
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Bitcoin Volatility Off The Hook – It’s All About China – Bitcoin Investment Trust (OTCMKTS:GBTC)

Bitcoin Volatility Off The Hook - It's All About China - Bitcoin Investment Trust (OTCMKTS:GBTC)*/

– Volatility has been the name of the game across all asset classes for months and the cryptocurrency, Bitcoin, has been perhaps the most volatile asset of all.Uncertainty about the future political and economic path of the United States, Europe and China has contributed to the high degree of variance in asset prices.Bitcoin is the newest and one of the most interesting assets.
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