Bitcoin Holds Above $14,000 as Investors Find a Bottom – 28 December, 2017
Bitcoin appeared to find a bottom above $14,000 on Friday after moves by South Korea to curb speculation and protect retail customers took the cryptocurrency down more than 8 percent yesterday.
Bitcoin was up about 6 percent at $14,800 as of 10:14 a.m. Hong Kong time, composite Bloomberg pricing showed. The digital currency has slumped about 24 percent from its record $19,511 reached on Dec. 18, when the CME Group Inc. introduced its futures contract. While bitcoin’s debut on regulated derivatives exchanges in Chicago was thought to have given it a new mainstream channel for investors to tap, so far trading volume has been limited.
Source: Bloomberg