RATE Group | Litecoin creator claims people use Chinese news to pump, FUD Bitcoin
70596
post-template-default,single,single-post,postid-70596,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Litecoin creator claims people use Chinese news to pump, FUD Bitcoin

02 Dec Litecoin creator claims people use Chinese news to pump, FUD Bitcoin

Posted at 00:56h in Cryptocurrency News by

[ad_1]

China continues to “inspect” cryptocurrency trading and token issuance entities with the intention of closing them. However, that development apart, the country is also in the news owing to the speculation that it is influencing the price of Bitcoin, the world’s largest cryptocurrency. According to Litecoin creator Charlie Lee, people have been using Chinese news to influence Bitcoin’s value. On the latest edition of Magical Crypto Friends, Lee said,

“It just feels like people are just constantly using Chinese news to pump or FUD Bitcoin.”

Notably, Bitcoin’s price and the cryptocurrency market recorded interesting bullish patterns in response to China’s embrace of blockchain technology. This, despite the fact that blockchain-powered companies existed well before President Xi Jinping officially endorsed it and called for disruption. Following the same, blockchain technology and cryptocurrency speculations have surged.

Around the same time, another…

[ad_2]

Source link

Tags:
, , , , , , , ,