Bitcoin prices stayed largely within specific ranges this week, as traders tended to sit on the sidelines.
Bitcoin prices once again surpassed $900, exceeding this level in spite of the recent announcement that Huobi and OKCoin had stopped margin trading.
Huobi and OKCoin, two of the world's largest bitcoin exchange businesses by volume, have formally announced they have halted margin trading services.
Monero prices plunged roughly 10% on 18th January, tracking a drop in bitcoin prices as the larger cryptocurrency suffered news-related declines.
Bitcoin prices surged more than 9% on 17th January, surpassing $900 for the first time in nearly a week.
After trials and turbulence last week, the price of bitcoin is up more than 7% today already.
A tranquil day in bitcoin markets.
Bitcoin markets could see "a series of failed rallies" in the period ahead, according to one major bitcoin hedge fund.
The suspense surrounding potential bitcoin regulations in China served to limit this week's price movements.
Bitcoin prices enjoyed a respite from sharp volatility on 12th January, fluctuating primarily within relatively modest ranges.