Bitcoin struggles in Asia on worries over China rule – Malaya Business Insight


Source: malaya.com.ph malaya.com.ph

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A representation of virtual currency in front of a stock graph. (Reuters Photo) TOKYO- Bitcoin and other digital assets languished in Asia on Thursday, recovering marginally from four-month lows but weighed down by concerns over tighter regulation in China and unease over massive leveraged positions in the cryptocurrency world. Bitcoin, the biggest and most popular cryptocurrency, rose slightly to $38,072 after plunging 14 percent on Wednesday to its lowest since late January. Smaller rival ether fell more than 3 percent on Thursday to $2,368, extending a 28 percent tumble on Wednesday. Wednesday’s declines in both digital assets were their biggest...