Bitcoin Price Watch: Currency Down to $7,300

At press time, bitcoin has fallen to roughly $7,300. This is $100 less than where it stood yesterday afternoon, though the currency was trading for as high as $7,500 during Tuesday’s evening hours. The bitcoin arena is something of a mixed bag. For example, China’s president Xi Jinping recently endorsed blockchain technology, stating that it has the potential to heal global economies. Speaking at a recent conference with the Chinese Academy of Sciences this week, Jinping said that the advantages of the blockchain are crucial to the development of the 21st century, and he’s hoping for elevated adoption in China.