Bitcoin and other cryptocurrency is rebounding after a two-day bloodbath

Bitcoin vs. Ethereum vs. Ripple

Investing in virtual money like Bitcoin can be quite hazardous to one’s savings and health, especially if you have no idea what you’re doing. Just look at what happened on Tuesday and Wednesday, when all the cryptocurrencies out there were hit by negative news from Asia.

South Korea is looking to regulate Bitcoin and altcoin trading, as is China. Fears of such regulations convinced many people to sell their holdings, and the sell-off continued for two straight days. Bitcoin prices plunged below $10,000, marking the first time since November that the best-known cryptocurrency in the world sank so low.

But prices are now rebounding, having increased steadily since Wednesday night.

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Bitcoin and other cryptocurrency is rebounding after a two-day bloodbath originally appeared on BGR.com on Thu, 18 Jan 2018 at 09:16:05 EDT. Please see our terms for use of feeds.

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