Hello Traders! We got something interesting for you!
Chinese authorities ordered a fresh crackdown on crypto mining and trading Friday, according to a statement posted on the People’s Bank of China site.The statement, signed by China’s top financial and cyberspace regulators, gives a comprehensive list of crypto activities that are forbidden, and orders local governments to crack down on them.
China’s State Council issued a statement in May ordering a crackdown on crypto mining and trading. The statement sent dozens of crypto companies abroad.The regulators banned banks and other financial institutions from offering services related to crypto and called for increased censorship of information related to crypto.The regulators also want to establish a mechanism for early warning and stopping “hype” in crypto trading and mining activities.
Honestly speaking, the intentions of the Chinese government are not clear to me. However, one thing is for sure - this situation will have an extremely negative impact on the cryptocurrency market and may lead to the start of a bear run. We will keep our finger on the pulse and keep you updated on all the latest news from the world of cryptocurrency.
Honestly speaking, the intentions of the Chinese government are not clear to me. However, one thing is for sure - this situation will have an extremely negative impact on the cryptocurrency market and may lead to the start of a bear run. We will keep our finger on the pulse and keep you updated on all the latest news from the world of cryptocurrency.
Nevertheless, let’s have a look at the chart. As you can see the price I lying on the Support 1. If it’ll close bellow it, the continuation of fell if very probable. The next level is Support 2. It’s kinda difficult look in future deeper:). If the scenario works, we will update out analysis. But, it seems to me that today’s candle is able to close above the support 1. In this case, it may retrace rapidly.
Well guys, I don’t want such news get you into trouble, it’s the big game that’s named «Market». The rules are trivial - there are no rules or the are always be rewritten. Try to make deal even in such tough periods and we’ll help you with it.
Chinese authorities ordered a fresh crackdown on crypto mining and trading Friday, according to a statement posted on the People’s Bank of China site.The statement, signed by China’s top financial and cyberspace regulators, gives a comprehensive list of crypto activities that are forbidden, and orders local governments to crack down on them.
China’s State Council issued a statement in May ordering a crackdown on crypto mining and trading. The statement sent dozens of crypto companies abroad.The regulators banned banks and other financial institutions from offering services related to crypto and called for increased censorship of information related to crypto.The regulators also want to establish a mechanism for early warning and stopping “hype” in crypto trading and mining activities.
Honestly speaking, the intentions of the Chinese government are not clear to me. However, one thing is for sure - this situation will have an extremely negative impact on the cryptocurrency market and may lead to the start of a bear run. We will keep our finger on the pulse and keep you updated on all the latest news from the world of cryptocurrency.
Honestly speaking, the intentions of the Chinese government are not clear to me. However, one thing is for sure - this situation will have an extremely negative impact on the cryptocurrency market and may lead to the start of a bear run. We will keep our finger on the pulse and keep you updated on all the latest news from the world of cryptocurrency.
Nevertheless, let’s have a look at the chart. As you can see the price I lying on the Support 1. If it’ll close bellow it, the continuation of fell if very probable. The next level is Support 2. It’s kinda difficult look in future deeper:). If the scenario works, we will update out analysis. But, it seems to me that today’s candle is able to close above the support 1. In this case, it may retrace rapidly.
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