Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks $42K Bitcoin price drop

Social media suddenly picks up old news, causing a sudden crypto price crash. Bitcoin (BTC), which had been rumored to be old news about a Chinese regulatory ban, plunged $2,000 in one hour on Sept. 24, according to TradingViewBitcoin vs. China (Bitstamp). BTC/USD 1-hour candle charts (Bitstamp). Source: TradingViewBitcoin vs. China – Don’t Believe the “FUD”. Data from Cointelegraph Markets Pro, TradingView and TradingView showed that BTC/USD fell from $45,000 to nearly $42,000 in an hour on Sept. 24. DON’T FEEL THE FUD AGAIN. https://t.co/pew1kyCZ3d– Molly (@bigmagicdao) September 24, 2021 “Markets are always reacting so heavily to FUD. “Impressive,” Cointelegraph contributor Michael van de Poppe said. “Markets are always reacting so heavily to FUD.” Source: TradingViewThe market cap of the top ten cryptocurrency traded at 9% less per hour.

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