Bitcoin prices have been trading sideways for the last few weeks, moving within a reasonably tight range as many investors wait to see what China's regulatory environment will look like going forward.
The digital currency's price has primarily traded below $4,000 since September 14, according to the CoinDesk Bitcoin Price Index (BPI).
The currency has suffered this malaise after surging to more than $5,000 on September 2 and then promptly falling back from that level.
[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.]
Following this decline, Bitcoin prices, along with the price of many other digital currencies, pushed higher, but encountered some difficulty as the regulatory environment for these digital assets became increasingly uncertain.