Could Chinese Bitcoin Whales be Behind Continual Selloffs?

Reading Time: 2 minutes Last week’s China FUD may be having a bigger impact than first thought The reinforcement of a 2017 ban and a promise to crack down on Bitcoin mining and trading activities attributed to the sell-off Could Chinese Bitcoin whales be selling their holdings new before it’s much harder? In case you’ve been living in an Afghan cave for the past two weeks, you’ll know that the Bitcoin price, and by extension the entire cryptocurrency market, is in the middle of a seemingly never-ending downturn. There have been plenty of reasons suggested for the drop, some viable and some not, but
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