Since 2009, China and Hong Kong have “banned” or otherwise caused FUD in the crypto space on 19 separate occasions and counting. The price of Bitcoin fell 5% today following “breaking” news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal. With that in mind, let’s take a nostalgic lookContinue reading “Crypto has recovered from China’s FUD over a dozen times in the last 12 years”
Tag Archives: FUD
‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. Chinese Government Report Mentions Bitcoin Mining,Continue reading “‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector”
Is the Bitcoin Correction Over?…We think so!
Bitcoin may not be “mooning,” but the correction is DEFINITELY OVER!Don’t believe us? Here are just a few metrics to consider… 1) First off, this chart from Glassnode shows us the futures funding rate. See that red column? That is a negative funding rate, which means that short sellers are no longer making profit holdingContinue reading “Is the Bitcoin Correction Over?…We think so!”