Cryptocurrencies show some recovery

Posted 24 January, 2018

The key digital coins have slightly rebounded on January 28. Yet, the price generally remains within the previous range.  

Today bitcoin changed hands on the Bitfinex at about $10.950.00 after slumping to $9,901 a day before. At present bitcoin practically halved from the mid-December peak at some $20,000.

Following bitcoin, the price for the second major coin Ethereum added 9.94% coming to 1,050 on this exchange ($905.38 yesterday).

Ripple, in its turn, has been priced at $1.3600.

Cryptocurrencies suffered from heavy fluctuations in early 2018, which is mostly explained by fears about tightening of crypto trading by South Korea and other countries.

Specifically, with highly speculative crypto trading, South Korea is considering different ways to control virtual currency trading. The measures under discussion include complete closure either of all exchanges for cryptocurrencies or just illegal ones.

Notably, this week Seoul stated that anonymous accounts for crypto trading would be beyond the pale beginning from January 30.

Previous story

24 January, 2018 15:36

← Regulators worldwide attempt to ease impact of digital coin trading

Seoul is taking measures to tighten crypto trading. At present only investors with confirmed bank accounts associated with crypto exchange accounts can invest in digital coins.
As it was reported, Seoul announced that anonymous accounts for cryptocurrency had been outlawed and banks had to prove the identity of their clients beginning from January 30...

Regulators worldwide attempt to ease impact of digital coin trading

Next story

24 January, 2018 12:40

Euro-area PMI rises counter to forecasts →

In January 2018, PMI index of 19 euro-area countries increased to 58.6 (58.1) according to the preliminary estimate of  IHS Markit. At the same time, market experts expected a decline to 57.9. Besides, the rate has posted new peak since 2006 on better performance in the service sector. For reference, the rate above 50 shows growing business activity. With the current figures, GDP growth in...

Euro-area PMI rises counter to forecasts
Write a comment
Prove you’re not a bot + 9 = 15