The price of the most popular cryptocurrency, which yesterday fell below $13 000 went up January 11. It’s rate on the most exchanges is already approaching $14 000.
Now, the price of Bitcoin reached $13 854. During the last 24 hours it grew more than 4%, after 9.82% fall in the previous day.
Bitcoin’s price fell after reports that South Korea may prohibit the cryptocurrency exchanges as the authorities are going to take measures to limit speculative activity on the cryptocurrency market.
After the publication of this information the Korean authorities officially denied the intention of the ban. It’s also noted that even if ban is approved, its legislation is unlikely to come into force in the near future. This information supported the Bitcoin market and coin’s price began to grow.
Read also:
Bitcoin became “bullish” on the first day of 2018
The main people in blockchain industry in 2017
Experts: Bitcoin will give impetus to the Japanese economy
The price of Bitcoin increased by 11.47%
Bitcoin Cash will become a foreground cryptocurrency
Bitcoin was outlawed in Egypt and forbidden by Islam
A well-known investor supported Bitcoin
Analysts: Bitcoin’s price start growing up after January 7
Bitfury Group have found a way to destroy Bitcoin’s anonymity
James Daimon apologized for Bitcoin