Due to regulatory tightening, bitcoin prices are nearly a quarter of a week.

The virtual currency that advocates decentralization will eventually escape government regulation. Due to the recent tightening of US and Japanese regulations, Bitcoin fell below the $9,000 mark again on the 9th. This week, the market price has been cut by a quarter (24%). According to the real-time quotes from the Bitcoin trading platform CoinDesk, Bitcoin reported $8,671.67 around midday on Friday, with a minimum of $8,587.05 earlier.

Bitcoin has once again suffered selling pressure this week, mainly because the US Securities and Exchange Commission (SEC) has determined that bitcoin transactions are within its jurisdiction, and that institutions that provide bitcoin trading services must register with the SEC.

Bitcoin is getting harder and harder in Asia. After China and South Korea, the Japanese government also took action to rectify bitcoin trading this week. Reuters reported that due to the theft of $530 million in virtual currency at the Coincheck exchange in Tokyo at the beginning of the year, the Japanese Financial Services Agency officially issued disciplinary notices on several exchanges on Thursday, two of which were forced to suspend business for 30 days.

At the end of 2017, Bitcoin soared to a price of nearly 20,000 US dollars. Even if the current waistline is more than half, the investment experts who include the famous financial program "Mad Money" host Jim Cramer are still lacking in interest, and think it is better to buy it instead of taking risks. Investing in mining or blockchain related stocks such as Nvidia, Seagate, etc. is more realistic.

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