Today news
About the same in other media
18.01 - 15:41
Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus
Reading now: 531
Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness.
Hours before the yearly close, BTC/USD dived $2,000 to lows of $45,630 on Bitstamp before a modest recovery drew a line under 2021 at $47,200, data from Cointelegraph Markets Pro and TradingView shows.
While something of an anticlimax and far below many popular projections, the lack of parabolic upside for Bitcoin has recently seen explanations shift to exchanges.
Chinese users, following years of the government tightening the screws around crypto trading, had until Dec. 31 to leave the major Chinese exchanges, which were obliged to deregister them.
For Bobby Lee, former CEO of exchange BTCC, this
Read more on cointelegraph.comAbout this in other media
Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security cointelegraph.com /2 years ago
Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report cointelegraph.com /2 years ago
Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
