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The Bitcoin Boom In China Continues After Biggest Exchanges Allow Withdrawals

Bitcoin Demand Booms Again In China

The outlook for Bitcoin in China has never looked better after three of the countries biggest BTC exchanges started to allow its customers to withdraw the digital currency.

The news that China’s biggest exchanges have started to allow withdraws has helped put much-needed certainty about the digital currency. Earlier in the year the price dipped following news that Chinese investors would not be able to withdraw their Bitcoins which had a big effect on the price.

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Before this news it had reached record highs but it fell by over 10% once the news was announced.

Things could not be going any better at the moment for cryptocurrency as the news has been very positive in 2017. It may have had a couple of set backs with the US Securities after they rejected two BTC ETFs but other than that it has been great news.

In July this year Japan made the announcement that Bitcoin can be accepted as a legal method of payment. Russia has seen its biggest retailer start accepting Bitcoins. Last month a group of the leading 56 cryptocurrency companies across 21 counties agree a consensus on the scaling agreement needed which was arranged by the Digital Currency Group. This great success has led to the price of Bitcoin souring once again.

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Read the full article below from the Business Insider.

Markets Insider Bitcoin is back to its old ways after a few quiet sessions. The cryptocurrency trades up 4.1% at $2,407 a coin following news that China’s three largest bitcoin exchanges are allowing customers to withdraw bitcoins from their accounts. The news follows months of uncertainty for customers of […]

Click here to view original web page at Bitcoin is taking off after China’s biggest exchanges allow withdrawals

This post was last modified on May 16, 2021 11:52 pm

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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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