Bitcoin Halts Week-Long Slide But Battles With Regulatory Pressure
After four days of straight losses from Monday to Thursday, @Bitcoin seems to have leveled off somewhat. However, 2018 has not started well as this marks the second week in a row of poor performances. While Bitcoiners have become accustomed to spikes and rallies, this flattening out of the price graph should still be seen as a positive. It comes over news of the South Korean justice minister’s backtracking of a proposal to ban local cryptocurrency exchanges in the country. Regulators have long been behind the eightball when has come to controlling digital currencies as they work on a case-by-case basis. Time has now moved along swiftly as governments and officials have had their chance to put plans together which have affected the market.