The decision of Chinese officials has led to the fact that last week the crypto-currency market in this country was, in fact, destroyed. This factor has been hastened to take advantage of the binary options market professionals who managed to significantly increase their revenues on this news. It should be noted that in a very short period of time, the daily turnover of bitcoins on the exchanges of the country's exchanges decreased approximately twice, from 15% to about 7%. In the world market, the situation was not very different, and by the end of the week the turnover of digital money decreased by $ 40 billion.
More experienced traders managed in this situation to use the recommendations of experts correctly, who noted that in this situation, Chinese companies, whose business is based on crypto-currencies, will find a new market, and the growth of quotations Bitcoin will resume. It should be noted that in a very short period of time, the daily turnover of bitcoins on the exchanges of the country's exchanges decreased approximately twice, from 15% to about 7%. In the world market, the situation was not very different, and by the end of the week the turnover of digital money decreased by $ 40 billion. More experienced traders managed in this situation to correctly use the recommendations of experts who noted that in this situation, Chinese companies, whose business is based on crypto-currencies, will find a new market, and the growth of quotations Bitcoin will resume.

XBT to USD Chart

The forecast proved to be justified, and now Japan has become the largest market for digital currencies, as participants in this sector of the world economy decided to settle in a less risky and more predictable country, where, in addition, innovative technologies enjoy all the benefits. As a result, the Japanese market now accounts for more than 50% of the total trade in bitcoins. China now accounts for only about 7%, and this figure will only decline over time, as the Chinese government always blocks what it cannot control 100%.
This week, the Bitcoin quotations have exceeded $ 4000 mark, recovering after the collapse to $ 3000 by the end of last trading week.
On September 20, Hong Kong hosted the global blockade summit Shape the Future, which was originally planned to be held in Beijing, but the organizers changed the place due to the blocking of the market by the communist authorities of the market. At this annual blocking summit, users can get acquainted with various bitcoins-services and tools.
As it became known this week, the Chinese Communist leadership announced that by the end of September it would completely ban exchange transactions with digital currencies on its territories. The country's main currency regulator, the People's Bank of China, declared illegal the ICO (initial placement of the tokens) and demanded an immediate interruption of all such operations. The Chinese BTCC Exchange will cease operations on September 30. Now, we should expect that the market will receive a new impetus to development, accompanied by the strengthening of the quotations of crypto-currencies, thanks to the transition of most Chinese companies to the markets of Japan and the United States.
Learn how you can trade in crypto-currencies profitably from experienced consultants from the “Top Binary Options Brokers” section!