Might the Chinese government reconsider its stance against cryptocurrencies? The country’s National Development and Reform Commission (NDRC) recently published a report seeking public opinion on the matter. Despite multiple bans on Bitcoin over 8 years, the Chinese government may have the motivation to not completely reject its adoption. China Consults The Public The commission published its report to its website under the “Soliciting Opinions” (translated) category earlier today. It states that major departments have revised one of its regulatory catalogs…
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Bitcoin Breaks Out of Range to Trade Above $30,000 on July 21
Bitcoin has lost about half of its all-time high value, reached earlier this year, of around $65,000. On the other hand, the bitcoin price is up over 7%, and it broke the USD 32,000 resistance. At the time of writing, BTC was trading at $32,187.71, and the price might accelerate higher. However, the following key resistance is near USD 33,000, above which the price might continue to rise. Bitcoin has failed to exhibit any significant price movements in either direction…
3 months ago
