Spread Between Chinese And Other Exchanges Settles With Dollar Lower Against Bitcoin

The recent spread event between Chinese and other fiat/Bitcoin interfaces which took the price of the United States dollar to nearly a two year low versus Bitcoin has settled with the interfaces reporting roughly a hundred more United States dollars required to acquire a Bitcoin than it did one week ago. Up until this latest Chinese run the number of dollars required to get a Bitcoin had been remarkably stable in the 400s ever since they were remarkably stable in the 200s. Forecasts place the next subsidy halving just 39 days into the future which is likely to place further financial strain on the mining sector. As always Qntra recommends HODL as the best course of action for your psychological, spiritual, and financial well being. Sorry for your loss, but this halving train is a coming round the bend.

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