Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
Following recent efforts by the People’s Bank of China to ensure regulatory compliance by domestic bitcoin exchanges, PBoC director Zhou Xuedong has issued a statement saying that a certain level of regulations on these platforms are necessary.
According to a translated summary by cnLedger, Xuedong noted the recent rejection of bitcoin ETF by the SEC. He also stated that ‘some platforms faked a lot of volume in order to attract investment.’
PBoC director's key points translated: pic.twitter.com/XAz9POYgza
— cnLedger (@cnLedger) March 13, 2017
Earlier this month, Xuedong called for the creation of blacklists against exchanges that do not comply with central bank directives, as reported by local news source Sina. He has also suggested that the central bank should consider long-term regulatory mechanism to maintain financial stability.
In January 2017, the central bank urged domestic bitcoin exchanges to ensure regulatory complaince. The PBoC officials met with the representatives of leading bitcoin exchanges. Soon after the meeting, BTCC, Huobi and OKCoin decided to implement fee-based trading.
