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When China Spoke, Bitcoin Reacted. America? Not So Much

August 23, 2021
Source: otcpm24.com otcpm24.com
News Snapshot:
Governments can’t stop cryptocurrencies, but they can make it much harder to access them. So it would make sense that unfriendly government policies in the world’s largest economies would play a role in driving down the price of bitcoin . As a case in point, in the few days after China reiterated its crypto crackdown in May, bitcoin at one point plunged by as much as 30%. The drop was another reminder that when China speaks, the market listens. The U.S., it seems, not so much. This month, a highly controversial crypto tax provision in the $1 trillion infrastructure bill...
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