Bitcoin Trades at $1060 Again; Recoups All Losses From PBoC Crackdown on Chinese Exchanges
As of today, the price of Bitcoin has recouped all losses that were incurred on February 9th, when the Peoples Bank of China spooked majority of Chinese cryptocurrency exchanges into complying with existing financial regulations.
The PBoC warnings sent the price of Bitcoin crashing from $1066 to $914 in the space of a three hours that day. Today, the BTC/USD exchange rate is once again hovering around $1060.
Full article:
http://www.razor-forex.com/2017/02/bitcoin-trades-at-1060-again-recoups.html