I think mostly because of point number 2, a lot of people including my friends at first think if China support cryptocurrency. But maybe although only blockchain which mentioned by China, it can really affect on crypto because people think about that too. So it looks like China support cryptocurrency again and then make bitcoin price increased. Usually something like that can give big affect on crypto price.
Yeah, that’s true if China will support bitcoin it will change the whole market price for bitcoin. I think right now we should hold as I have heard that after China now a few more countries are involving in the crypto market. Bitcoin was first forbidden in China but now it’s increasing because of remarkable contributions by new countries like china, japan and south Africa.
