Crackdown in China Could Be Reason behind Bitcoin (BTC) Price Surge Above $18,000

Singapore-based trading firm QCP Capital notes that Chinese miners are facing major liquidity issues and unable to sell their holdings due to government crackdown on exchanges. This gap in demand and supply has triggered the latest BTC price rally.

While there have been multiple theories backing the Bitcoin (BTC) price surge with institutional participation, there’s another reason providing fuel to this rally.…

This news comes via ChinaPulse.com, which delivers news, data, analysis, and insights on Chinese business, travel, finance, health, military, investment, and technology.

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