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Chinas complete ban weakens the impact of bad news Bitcoin retu

Date:2024-07-13 19:01:24 Channel:Build Read:

As one of the most popular cryptocurrencies in the world, Bitcoin has once again broken through the $44,000 mark, sparking heated discussions among global investors as the impact of the bad news of China's complete ban gradually weakened. Let's open a new chapter in this digital currency market together.

Under the strict control of the Chinese government on Bitcoin transactions, negative news about cryptocurrencies has emerged in the market. However, as time goes by, the influence of the ban news has gradually weakened, and the price of Bitcoin has once again rebounded to more than $44,000. This phenomenon has triggered speculation and discussion about the future trend of the digital currency market.

The surge in Bitcoin prices is often accompanied by fluctuations in market sentiment. After the impact of the Chinese government's ban news gradually faded, investor confidence gradually recovered, and market sentiment also warmed up. In this case, the rapid rise in Bitcoin prices is not accidental, but a positive response of the market to policy changes.

At the same time, as a decentralized digital currency, Bitcoin's value is widely recognized by investors around the world. Although the Chinese government has taken measures to suppress Bitcoin transactions, the global market demand remains strong, which also provides solid support for the continued rise in Bitcoin prices.

In the volatility of the digital currency market, investors need to maintain a rational and stable investment strategy. Especially when the Chinese government's attitude towards Bitcoin trading is unclear, investors should be cautious about market risks and take risk prevention measures to avoid potential investment risks.

In general, the impact of China's complete ban on bad news has weakened, and it is not accidental that the price of Bitcoin has risen above $44,000. Investors should remain vigilant in the digital currency market, treat market fluctuations rationally, and seize investment opportunities to increase their wealth.

In this era of digital currency, investors need to keep a clear head and not be swayed by market sentiment. With the changes in Chinese government policies and the fluctuations in the global market, the future trend of Bitcoin prices is still full of uncertainty. Investors should maintain a cautious and optimistic attitude, make good investment plans, seize market opportunities, and achieve the goal of wealth appreciation.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


After the turmoil last weekend, Bitcoin rebounded from its lows on Monday (27th) and rose above $44,000.

Last week, affected by China's comprehensive ban on Bitcoin-related businesses, the price of Bitcoin fell sharply after Friday night to about $41,000. But during the weekend, it slowly rebounded from its recent lows and returned to above $44,000.

According to Coindesk, as of 13:15 Beijing time, the price of Bitcoin was $44,183.7, up 4.52% in 24 hours. Ethereum rose by 10%, returning to above $3,000, at $3,136. The other major cryptocurrencies also rose between 3-7%.

In terms of news, in addition to China's comprehensive ban on Bitcoin-related businesses, Twitter will allow content creators to be tipped via Bitcoin, i.e., the reward function, to help Bitcoin rebound from its lows.

Edul Patel, CEO of Mudrex-AGlobal crypto trading platform, said that weekends are usually relatively light, which helps large orders move in a single direction. The impact of China's ban on cryptocurrencies is decreasing, and the market is expected to turn to fundamentals. As Bitcoin is getting stronger, its dominance is also increasing, and it is expected to pull other major cryptocurrencies up. He said that after the stock markets of various countries gradually opened on Monday, the volatility of the entire cryptocurrency field is expected to increase, and he believes that the outlook for this week is optimistic. Deutsche Bank released a report that despite recent price fluctuations, cryptocurrencies are still expected to become digital gold in the 21st century. Deutsche Bank analyst Marion Laboure pointed out that although Bitcoin will remain volatile, so has the price of gold in history, and Bitcoin will remain an important asset in the financial field.

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