Is China Driving Bitcoin’s Rise?

Is China Driving Bitcoin’s Rise?

At around precisely 6AM Shanghai time, bitcoin jumped both on Sunday and on Monday, suggesting China might have something to do with bitcoin now stealing a bit ethereum’s show.

Ethereum was rising by double digits on a defi and staking wave, while bitcoin wasn’t moving much.

Now bitcoin is up 6% today, while ethereum is down 3%, raising the question of what might be going on in China with quite a few potential answers.

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