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The cause why Bitcoin “collapsed” USD one,000 in just one hour is this?

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On the afternoon of July six, 2021 (Vietnam time), the selling price of Bitcoin out of the blue “plummeted” from a substantial of $ 35,one hundred to a lower of $ 33,700 in just in excess of an hour.

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BTC just had a candle that wiped out several accounts prolonged of traders

This begs the query:

Is there an additional FUD on the market place?

And it is genuine!

Another FUD from … “Miss Na” for the N + one time.

According to “speaker” Wu Blockchain, the People’s Bank of China (PBOC) continues to wipe out firms that deliver or are concerned in giving cryptocurrency providers.

The Central Bank of China: We canceled a Beijing firm giving virtual currency transaction software program providers and closed its internet site, no institution can deliver virtual currency transaction providers. https://t.co/R6I56xgtqT

– Wu Blockchain (@WuBlockchain) July 6, 2021

“The PBoC announced that it has frozen the operations and website of a Beijing company to provide software services for“ virtual currency ”transactions. The PBoC warns that no institution is authorized to deliver “virtual currency” transaction providers.

Synthetic currency 68

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