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Reasons Why The Price Of Bitcoin Is Not Still Skyrocketing

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Bitcoin Price Signalling

After skyrocketing in value at the end of 2017 before a huge pull back, many investors can not work out if now is a good time to buy Bitcoin or not. There are many different factors that are driving the price with one of the main areas been regulation.

Most of the worlds Bitcoin trades are executed in South Korea and with the Government looking to regulated cryptocurrrencies, this has greatly affected the price. If you are looking for BTC price signalling you need to pay close attention to what is happening here. Good news will drive the value back towards the $20,000 bracket and further bad news could see a pull back to around the $5,000.

To read the latest updates on South Korea and China cryptocurrency, read the article below from the Independent.

Bitcoin ’s price tumbled this week, as it emerged that people could be banned from trading the cryptocurrency in various countries around the world. South Korea was among the countries whose government has been signalling that it plans to crack down on cryptocurrency trading. Earlier this week, the country’s […]

Click here to view original web page at Bitcoin price: Why the cryptocurrency’s value has fallen so heavily

This post was last modified on December 16, 2021 1:06 am

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Daniel

I am the founder of Bitcoin Casino No Deposit Bonus and have been studying concurrency technology since 2013. I have been traveling South East Asia for the last 6 years and am a huge gaming fans that takes part in eSports competitions. I love relaxing on a evening watching the sun set with a cold beer and great music. I also teach other travelers how to become digital nomads so they can become free of the system.

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