Bitcoin prices experienced intense price volatility on 9th January, continuing a trend that’s been the new normal since late last week. Prices fell nearly 5% in less than two hours across global exchange today, declining from an opening price of $913 to a daily low of $878, according to CoinDesk USD Bitcoin Price Index (BPI) data. After falling, bitcoin prices rose roughly 3.4% to $908.37, before tapering off again below $900. The continued market volatility comes in the wake of new concerns that the Chinese government may impose further restrictions on the digital currency. Recently, the People’s Bank of China (PBOC) met with representatives of Chinese exchanges OKCoin, Huobi and BTCC, though the details of what was discussed in the meetings, as well as the history between the two camps, remains largely veiled. Read more: coindesk.com
