Claims Chinese Activity in Blockchain Technology is a Factor.
Arbitrage Invest (reviewed here) just published a news item dealing with the relationship of Chinese development of blockchain-related activities to the value of Bitcoin. There appears to be some useful information in the article. However, it touches on some topics that many readers might not be familiar with (including this writer). Also, the English used in the article could use improvement. As written, the article might be useful to some readers. However, if more time and effort were devoted to its preparation, it would be very educational and useful to many many more. This said, the article follows. You be the judge…
For your information, in HYIP Insights #2 we presented an article about the proper use of the English language in the online HYIP business. It was directed at both HYIP investors and program administrators.
BITCOIN “SHOT” THANKS TO THE SUPPORT OF CHINESE INVESTORS
Chinese players not for the first time provide support for bitcoin, which makes a breakthrough.
In October, after the epoch-making speech of President of China XI Jinping on the need for the development of blockchain technology in the country, local investors sharply increased their investment in BTC. As a result, we obtained the so-called autumn rally of bitcoin, which for a short time had jumped to $10,000.
The sharp appreciation of BTC which we began to observe the falling of a coin, was again a result of increased players from China, experts say. The study LongHash is said that trading activity in China is growing rapidly. the Chinese market has actually become a key driver of growth in bitcoin.
Investments in digital assets in China rise on the formal ban of cryptotrading. Analysts LongHash drew attention to the fact that China is gradually becoming one of the leading players in the cryptocurrency industry, and the growth of commercial activity in the country only signals the increasing interest of local business to digital currencies.
At the moment, China still lags behind the United States in the scope of activities blockchain-related startups. In China were registered 2579 patents for the launch of services based on decentralized technologies, whereas in the US there were 4201 patent.
The report also touches upon the theme of weak volatility of the cryptocurrency at the end of November 2019. Analysts believe that the jerks minor tokens were the result of a banal pumping. As evidence of his point of view, they cite the fact that after a leap of almost all of these coins have fallen to their lowest values.
The spot market is the undisputed leader in terms of trading is a cryptocurrency exchange Binance. The market bitcoin futures first place is the platform OKEx, but Binance recently literally breathing down her neck, claiming the status of a leading player in this segment.
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