Bitcoin (BTC/USD) prices are grinding higher this week on renewed optimism that the blockchain will overcome China’s latest regulatory crackdown. Prices continued to trade comfortably north of $3,900 at the start of Tuesday trading. Prices shot up nearly 7% on Tuesday, according to Bitstamp. The BTC/USD was last seen trading at $3,909.00, where it was little changed from its previous close. At present values, bitcoin is capitalized at roughly $65 billion, according to CoinMarketCap. That’s more than double the next leading blockchain currency Ethereum. S&P’s China Downgrade Highlights Limits of Bitcoin Ban Last week, Standard & Poor’s downgraded China’s sovereign […]
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Bitcoin, Ethereum and other Cryptocurrencies