Tag: pbox

PBOC Actions Affected More Than Just Bitcoin Price

After a recent closed-door PBOC meeting relating to AML regulation¬†in Cryptourrency trading, and the¬†suspension of withdrawals from two China’s biggest Bitcoin exchanges the BTC market crashed over 10% in response. However, the recent actions didn’t only affect Bitcoin’s price. In fact, over 90% of cryptocurrencies experienced some sort of price drop. They say a picture is worth a thousand words, take a look at this chart from coinmarketrcap: As you …
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