bitcoin-price

Forex-Bitcoin price comeback from historical records.

After US markets closed Friday,Bitcoin price dropped more than 16% to 978 dollar as the US Securities and Exchange Commission’s ruling to reject the Winklevoss twins’ exchange-traded fund.
On Monday,cameback to 1,231 dollars,recovering up to 26%.On Friday morning,before falling,Bitcoin reached an all-time record of 1,327 dollars.
The SEC said in its statement rejecting the Winklevoss twins ETF:“Based on the record before it, the commission believes that the significant markets for bitcoin are unregulated.Therefore,as the exchange has not entered into and would currently be unable to enter into,the type of surveillance-sharing agreement that has been in place with respect to all previously approved commodity-trust ETPs.
Agreements that help address concerns about the potential for fraudulent or manipulative acts and practices in this market the commission does not find the proposed rule change to be consistent with the Exchange Act.”
This year was the most volatile year for bitcoin as it price increase more than 20% in the first week of the year before crashing 35% on rumblings that China would begin anti-bitcoin policies on trading.