The chart from Cointelegraph.com shows the price crossing USD $1000 at the beginning of the month, dropping below that psychological level to a local low on 10 February, then rising to nearly $1200 by the end of the month. A number of articles from the same source attempt to provide an explanation. Once again, the single most dominant reason is *China*.
- 2017-02-01: Bitcoin Price Surpasses $1000 in China and South Korea, Again
- 2017-02-09: Bitcoin Price Falls 9% Overnight As Two Chinese Exchanges Stop Withdrawals
- 2017-02-15: Bitcoin Price 30-Day Moving Average At Highest Ever
- 2017-03-02: Bitcoin Price Breaks $1228 All-Time High Again With ETF Nearing
The phrase 'ETF Nearing' expands to 'the industry’s optimism towards the Winklevoss twin’s Bitcoin ETF approval on March 11'. With that in mind, I'm almost certain that I'll be doing a post next month for 2017-03 Price.
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