What is happening in the cryptocurrency space in China? Two waves of China crypto FUD had sent prices of Bitcoin and Ethereum to plummet. Firstly, the initial concern that Evergrande would default on its interest payments as it was deemed “too big to fail”. Secondly, the Chinese Government’s ban on cryptocurrencies.
Is there anything to this negative news coming out of China? Or is this all made up by mainstream media to manipulated cryptocurrency prices?
0:00 Introduction – China FUD
2:19 Evergrande Crisis Explained
7:41 Crypto Ban and why it’s happening
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.