This week, bitcoin started at $ 46,301 (CZK 967,460). Monday and Tuesday were still relatively optimistic, if the exchange rate fell, then it started to rise again – but still held around $ 45,000 (CZK 940,640).
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It was about six thousand dollars (125,420 CZK) less than last week, but the market looked stable.
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However, on Wednesday night, word came that China had decided to curb cryptocurrency transactions, which triggered the fall in bitcoin again, Reuters reported. Newly, financial institutions and payment companies are not allowed to provide any cryptocurrency services in the world’s most populous country.
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At the same time, China is the country where cryptocurrencies are most often mined. Currently, the country accounts for more than 75 percent of bitcoin mining on a global scale.
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The course rose rapidly
On Wednesday afternoon, at one point, bitcoin was trading for only $ 30,201 (CZK 631,220). Who would expect the decline to be even lower would be mistaken. The relatively low exchange rate enticed a number of investors to start buying virtual coins “at a discount”.
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Development of bitcoin value
Already on Wednesday evening, bitcoin was again offered for more than $ 40,000 (CZK 835,910). And it is still holding on to a similar amount, despite smaller or larger fluctuations. One virtual coin was traded for $ 40,073 on Thursday morning, which corresponds to (CZK 837,880).
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However, it should be emphasized that virtual currencies do not have a single price, they are traded on stock exchanges and exchange offices depending on volatility. Differences in prices can vary in the order of several thousand crowns.
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