Despite China's strict bans on Bitcoin and cryptocurrencies, Chinese investors are still able to invest in BTC and other digital assets. Economic difficulties in China have led investors to seek refuge in Bitcoin and cryptocurrencies. Research by Chainalysis shows that there was a significant inflow of $75.4 billion to OTC platforms in China, indicating strong demand for digital assets. The bans on trading and mining cryptocurrencies have not been effectively implemented, as evidenced by the heavy use of OTC services. The recent interest rate cut and incentive policy announced by the People's Bank of China has further boosted Bitcoin, leading analysts to believe that BTC could reach a new all-time high due to the impact of macroeconomic events.



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