Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as OKCoin, Huobi, and BTCC to shut down temporarily and halt their services. Consequently, the three companies along with other minor cryptocurrency companies relocated to Hong Kong. CnLedger, a trusted cryptocurrency news source in China, revealed that many of the Chinese cryptocurrency trading platforms like […]