To put this in perspective, we are going to give you a timeline of China’s stance versus Bitcoin. Let’s have a look at how this worked out, China and Bitcoin.
Dogecoin has made a 17% recovery after testing November 2022 lows.
DOGE social sentiment is currently pessimistic.
DOGE could soon flip $0.10
U.S. Federal Reserve Chair Jerome Powell said that the bank had decided to increase interest rates by another 0.25%.
Powell said the collapse of several banks has driven a more cautious approach, with a rate hike pause imminent.
U.S. Treasury Secretary Janet Yellen’s speech after the Fed announcement saw Bitcoin fall below $27,500.
SHIB moved sideways in reference to its price a week ago.
Shiba Inu long-term holders are selling.
Shiba Inu network growth is in a steep decline.
Cardano whales are largely behind ADA’s price rally in the last week, helped by Bitcoin’s multimonth highs amid the banking crisis and Fed pivot hopes.
The U.S. SEC has sued Justin Sun for offering BTT and TRX as unregistered securities.
Celebrities Austin Mahone and DeAndre Way have also been sued for promoting the tokens with disclosure.
The SEC seeks to prevent Sun from engaging in future crypto asset offerings.
Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins.