Поделиться этой статьей
$4,000: Bitcoin's Price Shrugs Off China Exchange News
Bitcoin's price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
Автор Daniel Palmer
Make us preferred on Google
Bitcoin's price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
After China's early September ban on initial coin offerings (ICOS), news on September 15 that bitcoin exchanges were shutting down following directives from government officials sparked a market drop that sent prices reeling to a low of $2,981.
Since then, however, markets have recovered, and this morning's session saw bitcoin reach a price of $4,061 at press time, according to CoinDesk's Bitcoin Price Index.
Other cryptocurrencies are experiencing gains today as well. The combined cryptocurrency market capitalization is currently at $137 billion, according to CoinMarketCap data, up from a low of below $100 billion just three days ago.
Among the top 10 cryptocurrencies by market cap, several have seen notable rises in the past 24 hours, with ether (19 percent), bitcoin cash (14.3 percent) and IOTA (26.2 percent) reporting significant gains.
Hot air balloon image via Shutterstock
More For You
More For You
Bitcoin’s $40,000 put becomes second-largest options bet ahead of February expiry next week
Heavy positioning at lower strikes signals rising demand for downside protection for bitcoin.
What to know:
- The $40,000 put option is the second largest strike by open interest, with about $490 million in notional value, highlighting strong demand for crash protection into the Feb. 27 expiry.
- Roughly $566 million is positioned at the $75,000 strike, the max pain level.
- Calls still outnumber puts overall, showing traders are balancing rebound exposure with downside hedges.
Top Stories
