Quote from: bonghip on Today at 04:54:41 AM

Quote from: Bitcoin_Arena on July 06, 2021, 07:39:37 PM

It's not just negative news from Chinese government, negative news from anywhere including the US can affect the price and this doesn't happen only to Bitcoin only. I happens to other tradable assets too such as stocks, commodities etc. Markets always react to news as traders look to make some quick profits or look for opportunities of buying dips.

Have you noticed that such bad new about bans become rampant only when it's a bull run and never in a bear market?
Now you know why.

Right. Not just China, any negative news can affect the volatility of Bitcoin. However, China is where the most negative news comes out, and it also has a lot of impact on bitcoin. And of course, China is the most populous place in the world, with the most investors, crypto projects and Bitcoin miners. So China can always have a big influence on Bitcoin and the crypto market!

Hopefully, it will not happen too long because we know that bitcoin is strong and will rise soon. I believe we will see much good news about bitcoin, which can lift the price to increase and reach a high price because that has always happened since a long time ago. China really impacted the bitcoin price and made the price down, but the market will settle and start to invite more people to invest in bitcoin. If the price is down, we have got a chance to buy bitcoin because once the price increase, and we can make a profit.