The interest in bitcoin faded with its inevitable stop around $20,000, with registered google searches for the cryptocurrency facing a precipitous decline. Those investing now are more than likely those reinvesting, who took flight during the large selloff, in which Bitcoin dropped more than 60% off its peak.
After last years ban on trading, this week China has also announced new measures to halt Chinese nationals from purchasing cryptocurrencies on international exchanges. They have taken measures to block the return of RMB assets involved in exchanges with listed international cryptocurrency exchanges, and have started to freeze assets. Bitcoin has hardly reacted, with a drop of less than one percent, and a current price stagnation.
Staff Writer: Ari B