Published on September 15th, 2017 | by bitcoin0
Bitcoin Rises 10% but still trends down for the week
For the week, however, bitcoin has lost about 16.3 percent of its value.
Bitcoin this week
Brian Kelly, CEO and founder of BKCM and a CNBC contributor, said sentiment around bitcoin was buoyed by Chinese regulators giving Huobi and OKcoin until October to close up shop.
Chinese financial media outlet Yicai Global reported China plans to shut down all bitcoin exchanges by month’s end.
The cryptocurrency this week also caught flak from JPMorgan CEO Jamie Dimon, who called bitcoin a “fraud” and said, “It won’t end well.
Despite its massive drop this week, however, bitcoin is still up about 200 percent for the year.