Speculations and possibilities aside, China’s crypto crackdown in 2021 has been rather uncompromising. Despite being considered a running joke by experts, which is to fade out in time, the tough approach hasn’t been all that pleasant for the traders.
With the latest announcement coming in with disparate figures, exchanges like CoinSwitch Kuber reported an almost 30 per cent fall in weekend transactions immediately after the ban was reported. But then, as disconcerting as this might sound, the crypto market is expected to continue its bullish breadth, and almost every player, including Bitcoin, Ethereum, and more, is expected to come out unscathed.
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