Signs of fear emerge as Ethereum price drops below $3,000 again

Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. Today, Ether (ETH) might be 30% below its May 12 high at $4,380, but the current $3,050 price is 78% higher than the 6-month low at $1,700.

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China Internet Firewall Blocks CoinGecko, CoinMarketCap

Key Takeaways

China’s Great Firewall has blocked CoinGecko and CoinMarketCap.
The latest action comes two weeks after the People’s Bank of China declared almost all virtual currency-related activities illegal.
Chinese citizens could theoretically still access crypto services with a VPN.

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Law Decoded: China FUD and false dichotomies, Sept. 20–27

In the wake of yet another iteration of China’s enduring crackdown on cryptocurrency, a particularly influential narrative on Crypto Twitter suggests that by banning Bitcoin (BTC), China has definitively put itself on the dark side of the struggle, while the collective West must now resolutely throw

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Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens

Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China’s decision to intensify its anti-Bitcoin (BTC) and cryptocurrency rhetoric.
UNI price gained 14.90% on Monday to reach an intraday high of $26.26.

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‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown | CryptoSlate

It is no longer news that China has declared all crypto-related trading illegal within its jurisdiction. However, Binance, the largest crypto exchange in the world by trading volume, has come out to say that the firm has had no business in the Asian country for a while now.

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