🚀Major turning point exposed!

China may lift the Bitcoin ban in Q4 2024, the cryptocurrency market exploded instantly, and investor sentiment was high!

🤔 Is it hard to tell whether it is true or false? There is a glimmer of hope for China's Bitcoin ban

Looking back on the past, China was once an important stage for Bitcoin mining and trading, but since 2021, cryptocurrency activities have been completely banned. However, the latest vane shows that according to internal information and BitcoinLFG Twitter dynamics, China is planning to lift the Bitcoin ban in the last quarter of 2024. This subtle change in policy direction may indicate that China's stance on cryptocurrencies is expected to usher in a major turning point, and the previous strict regulatory situation may be loosened.

The current market situation and challenges coexist, and the fluctuations in Bitcoin financing rates reveal investors' cautious attitude. But what is dramatic is that on July 16, the price of Bitcoin rose strongly, with a single-day increase of nearly 10%, reaching a high of US$64,955. It is worth noting that despite the close ties between Hong Kong and mainland China, local investors still face restrictions on direct participation in Bitcoin and Ethereum spot ETF investments.

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