#CEXvsDEX101 #TradingTypes101 #china

Any idea why the #BullishMomentum #BullRunAhead stopped all of a sudden??

here's the reason: The Chinese government has announced a sweeping new ban that prohibits not just trading or mining of cryptocurrencies, but now extends to individual ownership of digital assets like Bitcoin, according to a report by Binance, a cryptocurrency exchange.

The announcement sent immediate ripples across the global cryptocurrency markets. Bitcoin saw a sharp dip following the news, while altcoins—especially those sensitive to regulatory shifts—exhibited even greater volatility. However, market analysts believe the downturn could be short-lived, as per the report.

$BTC down by 600000 by hitting the top.