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). Wait And SeeNow, many Bitcoin investors are adopting a "wait and see" approach to see what China does next, according to several analysts. Geiger insisted that in recent months, digital currency prices have risen as investors have entered the market. Geiger has described the growth of the digital currency market as "structural," emphasizing that many players have been getting involved, causing the market to grow rapidly.

Source: Forbes September 24, 2017 23:03 UTC