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...