The last week has been a good one for Bitcoin, with the price rising more than 10% according to CoinMarketCap data. Since the beginning of the month Bitcoin is up some 27%. Following last week's strong gains Bitcoin has been hovering under the $9,000 mark but has recently been under pressure due to tax-related selling ahead of the U.S. tax deadline last week.
The threat of increased regulation is still a dark cloud hanging over Bitcoin sentiment, however, with many fearful the U.S. Securities and Exchange Commission (SEC) is about to crack down on initial coin offering (ICO) issuers.
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