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Crypto Long & Short: When China Spoke, Bitcoin Reacted. America? Not So Much

Source: yahoo.com yahoo.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. Related: Market Wrap: Bitcoin Rallies Ahead of $50K Resistance This column originally appeared in…

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