Don't Expect Bitcoin to Rise Again to US $ 10,000

Bitcoin failed to survive in the position of US $ 9,000 per chip. The tightening of Japanese regulatory supervision related to cryptocurrency gave negative sentiment.

Based on data CoinDesk, Bitcoin recorded at the lowest position of US $ 8,495 while trading Thursday morning had approached US $ 8,600 per chip.

Citing CNBC, Bitcoin is trying to return to the level of US $ 9,000 after a sharp decline from the position of US $ 11,660 earlier this month to a low of US $ 7,335.

Previously the Japanese Financial Services Agency has plans to issue warnings against Binance, Hong Kong-based digital currency exchange marketplace but operate in Japan without registration.

The Japanese regulator threatens if the warning is not addressed then the regulator will file a criminal suit.

"We have had dialogue with FSA Japan and have not received orders," said Binance CEO Changpeng Zhao through his twitter account. Binance is one of the largest cryptocurrency exchanges in the world.

Japan does require a marketplace or crypto currency exchange to sign up for a financial regulator.

Separately, local media reports said the National Police Agency of Japan had found 149 cases of hacking cryptocurrency last year, with losses of 662.4 million yen (US $ 6.3 million).

Last Monday, Japan's Financial Services Agency held a "Blockchain Round-Table" on March 8 and 9 with regulators from countries such as Singapore and Canada. The agenda for closed meetings includes discussions on issues of public blockchain vulnerability and coordination between regulators and academics.