Breaking it down from a capital-flow perspective: Companies associated with CreditEase are suspected of illegal activities and crimes and have been placed under investigation. Investments affiliated with the group have included crypto projects such as Circle and Matrixport.
When news like this breaks, two things usually happen in the market at the same time:
· Early investors start looking for an opportunity to exit
· Investors who are late to the news start buying in
Which group is larger determines where the price goes. $BTC 24h Trading volume: $694 million. Watch to see whether trading volume suddenly spikes.
When news like this breaks, two things usually happen in the market at the same time:
· Early investors start looking for an opportunity to exit
· Investors who are late to the news start buying in
Which group is larger determines where the price goes. $BTC 24h Trading volume: $694 million. Watch to see whether trading volume suddenly spikes.