Bitcoin prices rose from adversity and scored high gains. Massive sales in early trading drove the digital currency down by almost 4 percent to US $ 1,120, but a no-no-no-busy buy during Thursday afternoon time of the United States or midnight Indonesia time jacked up 2.5 percent at $ 1,194.
Bitcoin's trade runs steadily for several sessions amid speculation surrounding the decision of the US stock exchange authority or the Securities and Exchange Commission on proposals posed by three large investors. All three want to list the stock in the stock exchange with the value of capitalization of trilunan rupiah.
Bitcoin prices rose more than 30 percent from 9 February to 3 March as traders speculated the SEC would approve at least one of three investors who wanted to disburse funds on the Bitcoin stock with a March 11 deadline. Since the deadline falls on a Saturday, the decision may appear on Monday, March 13.
However, Bitcoin's price continues to be under pressure the last few days. On Tuesday, Bitcoin plunged as much as $ 100 in minutes after the headline of the Bloomberg page citing People's Bank of China officials or the Chinese central bank said the recent monitoring of Bitcoin would continue.
The impact of the news widened after the three biggest bourses in China said they continued to delay the withdrawal of Bitcoin and Litecoin until approval was given by the central bank. As a result, Bitcoin prices tumbled more than 5 percent on Wednesday. Throughout 2017, Bitcoin prices rose to 25 percent after rising 120 percent in 2016.