Topic: Why can a piece of news from the Chinese government affect the price of Bitcoin? - page 5. (Read 552 times)
July 06, 2021, 08:38:52 AM
For a while, China can seem to affect the btc price because the majority of bitcoin mining farmers come from china, that's all. Until when? Do not know. The hope is that this is China's ultimate threat against btc and a form of China's seriousness that wants to remove its involvement so that no other policies from that country will affect the price in the future.
July 06, 2021, 08:02:43 AM
On July 6, the Central Bank of China closed down a Beijing-based company that provides software services for virtual currency transactions, and reiterated that no institution within its jurisdiction should engage in such transactions.
After the People's Bank of China reiterated its long-standing anti-crypto stance and warned institutions not to provide services to crypto-related companies, Bitcoin cut its earlier gains.
Why does the negative news from China always affect the price of Bitcoin? When does Bitcoin become less sensitive to negative news?
After the People's Bank of China reiterated its long-standing anti-crypto stance and warned institutions not to provide services to crypto-related companies, Bitcoin cut its earlier gains.
Why does the negative news from China always affect the price of Bitcoin? When does Bitcoin become less sensitive to negative news?
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