The inquiry launched by the People’s Bank of China into BTCC, OKcoin and Huobi Bitcoin exchanges on Friday January 6 may be a catalyst for some retracement – a temporary reversal in the direction of a price that goes against the prevailing trend – in the market, according to Dominik Weil of Bitcoin Vietnam.
In an email to 8btc, Weil says the situation whose impact has been seen on the Bitcoin market already in the last two days is very familiar for those people who were already around at late 2013/early 2014 when there were almost weekly overblown stories of China supposedly banning Bitcoin causing drastic market movements.
http://news.8btc.com/chinas-reminder-to-bitcoin-exchanges-may-mean-retracement
Topic: [2017-01-09]China’s reminder to Bitcoin exchanges may mean retracement (Read 364 times)
January 09, 2017, 12:21:53 AM
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