Is China's power driving the market up?
Regarding the rise in market prices in the past two days, there are two main direct drivers: one is the Hong Kong conference, and the other is the launch of Bitcoin market prices by the three major domestic application providers.
Last night, Douyin and Baidu APP successively launched Bitcoin market search. Users directly enter "Bitcoin" in the search box, and the first result directly displays the latest market price, and uses RMB "yuan" as the unit of calculation. This morning, Weibo also joined the ranks, supporting Bitcoin market data.
This news was interpreted by foreign media and Western crypto community KOLs as a positive trend for policy opening. In addition, this week coincides with the 2023 Web3 Hong Kong Blockchain Week, and many Chinese people gathered in Hong Kong, breaking the curse of "every meeting must fall".
