China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by a whopping 60%. In a series of tweets, Kruger explained

The post China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run appeared first on CCN

Source: https://www.ccn.com/chinas-baidu-search-bitcoin-bull-run

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.