Bitcoin Price Roller Coaster: US Panics, China Shows Resilience

Bitcoin Price Roller Coaster: US Panics, China Shows Resilience

Earlier this week, the People’s Bank of China (PBoC) invited Chinese Bitcoin exchanges to discuss Anti-Money Laundering (AML) policies and the margin trading. Upon the release of the central bank’s official statement, the Bitcoin price has dropped by three percent. Bitcoin price immediately recovered within a few hours after the initial drop in value, bouncing back from $1,020 to $1,040. The Bitcoin price is close to reaching its previous weekly high of $1,080 and has already surpassed the $1,070 trading value. US panic. While it is quite evident that the announcement of the central bank....


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