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Will China’s Golden Week Affect Bitcoin (BTC)?

Published 10/02/2019, 05:55 AM
Updated 10/02/2019, 07:01 AM
Will China’s Golden Week Affect Bitcoin (BTC)?

Bitcon (BTC) is still shaky, and now has to survive the pressures of China’s Golden Week, seven days of celebration beginning on October 1. Binance, in a special edition of price research, notes a small downward pressure at that time of the year.

https://twitter.com/binance/status/1179017307198083077

This year, the share of Chinese trading has grown, boosted by the movement of Tether (USDT) to the most active exchanges, including OKEx and Binance. BTC had a shakedown recently, touching lows at around $7,800, before recovering to $8,301.83. The next few days will show if the Chinese celebrations lead to lowered activity.

In the past month, BTC tra...

This article appeared first on Cryptovest

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