China tells bitcoin exchanges to follow forex ruleshttps://t.co/6QpdpRMZOR
— Wall Street Journal (@WSJ) February 9, 2017
Bitcoin noteched lower on news of Chinese exchanges suspending the BTC withdrawal for a month.
Look at major Altcoins on the BTC plunge.
Most altcoins traded more positively except
Please let us know what your thoughts on this latest cryptocurrency sensation and update us if you have any insights in the comment section below.
Chart via tradingview.
The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.