Read about China's president Xi Jinping announcement yesterday.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/. I originally wrote that his announcement had nothing to do with the sudden price pump, but I have taken that back.....it has everything to do with it.
It's always gonna be better if there's a link provided to validate this claim about China's involvement in the recent price pump. If this news is true, I still dont see any relevance from this news to the price. Not unless, Chinese government will remove the restrictions and bans against bitcoin and other Cryptocurrency, including exchanges. That way people could easily accumulate Bitcoin without being bothered against the authorities, thus, this will surely will make a positive impact in the market due to massive buy out.
I have read the news yesterday regarding the Chinese leader showing interest and future plans in blockchain technology, but he didn't mentioned about Bitcoin and other cryptocurrency ( I may be wrong, since there's a lot of source in the internet )
Now, I'm talking about the television station that has a Bitcoin related segment. Is China making a slow steps to take back what they are against of from Cryptocurrency?