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Asian Market Update – Monday: Coin prices up, shrugging off more reported regulatory changes out of China

The Big Question: Are cryptocurrency prices really unaffected by Chinese regulations? Prices of cryptocurrencies were up overnight during the Asian trading session, even as news of more regulatory tightening came out of China. At midday in Asia, the bitcoin price was up 2.83 percent to $3,767. Though the virtual currency has been posing an overall uptrend since a ban on ICOs from China pushed the bitcoin price to near the $3,000 mark on September 15, it has seen some turbulence along the road. The price of bitcoin price has now remained below $4,000 level for five straight days. The price […]
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