Bitcoin has been on a tear over the past month, rallying from the low-$11,000s to highs around 36 hours ago at $18,500.
China's state television channel, CCTV, shills Bitcoin in broadcast amid pump.
As noted by prominent Chinese crypto analyst "CnLedger," yesterday, CCTV, the official Chinese Communist Party television channel, did a segment on Bitcoin due to the rally.
"CCTV, China's Official TV Channel: #Bitcoin price surpasses $17.5k, up 70% in less than 50 days. Compared with 2017's bull market, bitcoin's network, development and investment eco-system are now far better. The recent rise is driven by institutional funds."
Compared with 2017's bull market, bitcoin's network, development and investment eco-system are now far better.
"With the recent crackdown on over-the-counter brokers in China, many Bitcoin miners are facing challenges cashing out their Bitcoin, which in turn contributes to the recent decrease in BTC exchange inflow. I believe there is less sell-side pressure which is pushing Bitcoin higher."
In Mexico, Bitcoin just gained the support of a billionaire entrepreneur and investor.
At the time of press 9:08 pm UTC on Nov. 19, 2020, Bitcoin is ranked #1 by market cap and the price is up 2.16% over the past 24 hours.
Bitcoin has a market capitalization of $333.29 billion with a 24-hour trading volume of $36.67 billion.
Bitcoin dominance is currently at 66.23%. Learn more about the crypto market.
China state TV once again shills Bitcoin to millions upon rally to $18,000
Publicado en Nov 19, 2020
by Cryptoslate | Publicado en Coinage
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