Bitcoin $ 9000 also collapses ... It has come under regulation in India.

Bitcoin $ 9000 also collapses ... It has come under regulation in India.

After declining to $ 10K, the key cipher key coin price declined to below $ 9,000, which was a strong support line.

The coin price of US coin-based currency coin exchange, which was traded in dollars, dropped to 9,400 dollars, down to 8,400 dollars.

As of 6:23 am in Korea time, it rebounded to around $ 9075, but it fell by more than 13% in 24 hours.

As a result, the price of a bit coin gift, traded on the Chicago Mercantile Exchange (CME) and the Chicago Option Exchange (CBOE), was once down to the $ 8900 level.

Bitsum, which is the largest exchange in Korea, also trades in won, which is 6% lower than 24 hours ago, staying at 10.4 million won.

The decline in bit coin prices is attributed to the announcement by Indian Treasury Secretary Arun Jaythary that he intends to strengthen cryptographic regulations in India.

"I will not take cryptograms as legal coins or coins," Jayette said. "We will take all measures to eliminate illegal acts and payments through passwords."

But he said he would study the potential of block-chain technology separately at the government level.

The New York Times (NYT) reported that cipher prices could have been inflated by BitPinex, an exchange that is included in the Coin Desk price index calculation.

BitPinex is using the tether as a dollar substitute for cryptographic currency transactions, and is under investigation by the US Commodity Futures Commission (CFTC) for suspicion that the tether is not actually a reserve dollar equivalent to its issuance.

"Concerns over tether are just a minor minority," said Crawford Capital Investment Manager Crawley Tower Capital, chief investment officer at Crawford Capital, CIO. "Rather, we are seeing a sharp rally in the market, It is the biggest because of the fear of market fear. "

Once the beat coin price is fluctuating around $ 9,000, how much the low price buying will flow will be a good indicator of market momentum.

Bitcoin has been a meaningful support since it topped $ 10,000 for the first time at the end of November last year.

In January, it broke down $ 10,000 for three times, but it has been successful in rebounding.

"$ 10,000 is going to be the new bottom of the beat coin," said Chief Executive Officer Joe DePaul Quayle of Beatle Capital.

Tom Co, co - founder of Global Strategy Fund Strat Global Investment, a leading cryptographer in Wall Street, predicted that "the coin price will drop to $ 9,000 a couple of weeks ago," but he added, "This price range is the best It will be an opportunity for me. "

He offers Bitcoin's year-end target price of $ 25,000.

On the same day, ripple at the same time stood at around 1100 won, plunging nearly 10%. Other Altcoins, such as Etherium (-3.9%), Bitcoin Cache (-8.1%) and Ios (-9.3%)