The rebound in bitcoin’s price from the recent low of $2,980 has stalled, raising doubts as to whether the rally will continue.
A notable ICO token appears to be weathering regulatory concerns, bouncing back this week on a relatively positive newsflow and new developments.
The ether-U.S. dollar [ETC/USD] exchange rate has responded positively following the market shocks caused by recent regulatory actions in China.
The bitcoin price is showing new signs of life – even while it appears to have entered a period of sideways trading after last week’s crash.
The price of bitcoin continued to recover into Monday as consolidation in pricing helped the cryptocurrency recovery Friday’s steep losses.
Bitcoin’s price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
Cryptocurrency markets are down today following new developments out of China’s bitcoin exchange ecosystem.
All else equal, the market may take less time to recover from the latest sell-off than from the one that took place in December 2013.
Continued market turmoil traced to Chinese regulatory pressure has sent bitcoin’s price tumbling more than $500.
Long dormant, the ether-bitcoin pair may offer up new opportunities to crypto traders in the coming month, technical analysis suggests.