Investing.com - <\/p>\n
Investing.com - Bitcoin prices traded near the lowest level since April on Monday, amid concerns about possible regulation of the virtual currency. <\/p>\n
Bitcoin (BTC\/USD) tacked on $4.23, or 1.06%, on Slovenia-based BitStamp to trade at $404.23 during U.S. morning hours. BitStamp prices fell to $379.50 on September 19, a level not seen since early April. <\/p>\n
Bitcoin prices were likely to find support at $379.50, the low from September 19, and resistance at $452.99, the high from September 18. <\/p>\n
The price of a bitcoin on Bulgaria-based BTC-e added $5.50, or 1.43%, to trade at $388.71, while prices on Singapore-based itBit advanced $2.08, or 0.52%, to trade at $402.18. <\/p>\n
According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency inched up 1.04% to trade at $400.68. <\/p>\n
Market players remain concerned about possible regulation of the virtual currency among other adverse events in the industry. <\/p>\n
New York's Department of Financial Services proposed a BitLicense on July 17. As per the proposal, firms would have to obtain a license to engage in the virtual currency business. <\/p>\n
Some market analysts have expressed concerns over the proposal, saying increased regulation would pressurize the Bitcoin industry. <\/p>\n
Meanwhile, euro-denominated Bitcoin prices (BTC\/EUR) rose 3.59, or 1.15%, to trade at 316.00 on U.S.-based Kraken Exchange. <\/p>\n
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