Bitcoin became “bullish” after yesterday collapse
The price of the most popular cryptocurrency, which yesterday fell below $13 000 went up January 11. It’s rate on the most exchanges is already approaching $14 000.
Now, the price of Bitcoin reached $13 854. During the last 24 hours it grew more than 4%, after 9.82% fall in the previous day.
Bitcoin’s price fell after reports that South Korea may prohibit the cryptocurrency exchanges as the authorities are going to take measures to limit speculative activity on the cryptocurrency market.
After the publication of this information the Korean authorities officially denied the intention of the ban. It’s also noted that even if ban is approved, its legislation is unlikely to come into force in the near future. This information supported the Bitcoin market and coin’s price began to grow.
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