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❓ASK China ban Bitcoin mining and transaction. Will bitcoin go up or not?

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ahsan510

ahsan510

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China has banned the mining and transaction of crypto currencies. Bitcoin is currently on $42k, will it be unbanned or other countries will follow china and ban the crypto mining?
There are so many people who invested in crypto currency and they are afraid of crypto currency downfall.
 
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Emmanuel24 said:
@btaliat @Wisdom01 have said well concerning the facts in the drop of crypto's prices. Definitely the bearish comes from economic factor. Looking at the high rate of current inflation it has a great effect on everything in the world. I hope economy comes back to normal soon.
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The bearish market is caused by so many things , the market is the real reflection of how things are moving in the economy ,but I know things would definitely bounce back ,even if there is still more delay and many others inclusively, the market isn't going well for now
 
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Many would have thought heaven would come down when China banned crypto activities but unfortunately, since crypto is not centralized, it was easier for it to rise again. Other countries started embracing it again. Countries like the United States and Russia later embraced it.
 
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