Bitcoin Prices Bounce Back After Falling To 6-Month Low

Bitcoin Prices Bounce Back After Falling To 6-Month Low

This is a BETA experience. You may opt-out by Bitcoin prices recovered, after falling to their lowest since July this morning. (Photo by ... [+] Chesnot/Getty Images) Bitcoin prices have recovered over the last several hours, climbing more than 13% since declining to their lowest since July. The world's most valuable digital currency by market value rose to $37, 500 this afternoon, CoinDesk figures show. It appreciated to this point after dropping to as little as $32, 983. 59 this morning, additional CoinDesk data reveals. The digital currency has been having a rough several months, losing more than 50% of its value since approaching $69, 000 last year. Bitcoin declined over the weekend, and then the digital currency extended those losses today, causing it to reach its lowest since July 23. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] When explaining these latest price movements, more than one analyst pointed to the anticipation of tighter Federal Reserve policy and increasingly stringent crypto regulations. In December, the Federal Open Market Committee announced that it would reduce its monthly asset purchases, starting in