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All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.
Crypto has recovered from China’s FUD over a dozen times in the last 12...
Since 2009, China and Hong Kong have "banned" or otherwise caused FUD in the crypto space on 18 separate occasions.
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Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.