Cryptocurrency hits a new record in 24 hours
- September 20, 2017
- Posted by: admin
- Category: Financial News, News
A new millstone has been reached by cryptocurrency trading volume last Friday the 15th of September reaching over 11 $ Billion for the first time in China.
As per CoinMarketCap data in these 24 hours of trading the cryptocurrencies has reached 11.5 $ Billion, which never happened before as the highest number before was 10.5$ Billion on the 19th of August
Is Bit Coin A Threat?
Last week, rumors had been saying that Chinese regulators would shut down bitcoin exchanges and today, several cryptocurrency exchanges including BTCC, ViaBTC, Yunbi, OKCoin and Huobi were ordered to not do any trades from September, this happened after China’s Internet Finance Association said that bitcoin lacs the legal foundation.
Because 23% of Bitcoin trading activity happens in china and its withdrawal will sure effect it negatively, however some experts say that bitcoin will reopen once additional regulations are in place but we are not sure about anything.