$BTC
💥 Shocking reversal!
💥 According to news: China may lift the Bitcoin ban in the fourth quarter of 2024, the cryptocurrency market is soaring, and investors are boiling!
True or false❓
China's Bitcoin ban may have a turnaround
Background review
China was once the global center for Bitcoin mining and trading, but has completely banned cryptocurrency activities since 2021.
Latest developments
Informed sources and BitcoinLFG Twitter posts revealed that China is considering lifting the Bitcoin ban in the fourth quarter of 2024.
This potential policy shift shows that China's attitude towards cryptocurrencies may change significantly, and cryptocurrencies have been strictly regulated before.
Market reaction and current situation
Bitcoin's weekly financing rate reflects investor caution, but the price of Bitcoin soared nearly 10% on July 16, reaching a high of $64,955.
Currently, Chinese investors are prohibited from investing in Bitcoin and Ethereum spot ETFs in Hong Kong, despite Hong Kong's close relationship with the mainland.
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