The Top 3 Reasons Why is the Bitcoin Price is Rising now
![top-3-reasons-bitcoin-price-rising[1].jpg](https://steemitimages.com/DQmUKoaHYistUEE562gesuPx1zoB6dERsb5mYyfV4QxmmJZ/top-3-reasons-bitcoin-price-rising%5B1%5D.jpg)
- JAPAN’S ADOPTION
Last but not least, one of the biggest driving forces behind Bitcoin’s meteoric price rise is Japan’s adoption and legislation of crypto. After passing official KYC / AML laws regulating exchanges in Japan, the government essentially green-lighted the legal operation of cryptocurrency exchanges.
The new legislation increased Bitcoin’s popularity in the country and also invited Chinese investors who were looking to escape the country’s tight grip on the sector. In fact, withdrawals for Chinese exchanges have been suspended for a few months now. There is a light in the tunnel as the PBoC released a statements which hints that withdrawals may resume soon. While there is no definitive date, rumors have it that things may settle in June. Chinese news resource cnLedger had the inside scoop:
- THE FLIPPENING
Altcoins
Thats interesting. Bitcoin to the moon ! i upvote follow hope you follow me back Cheers :)
i follow you back ..thx
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