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In what is more like a schizophrenic push back, all cryptocurrencies yesterday pushed back to the upside and this just after receiving even more bad news. Both Huobi and OKCoin had just announced that they will be shutting down their operations on October 31st 2017. In theory, this news should have meant the final confirmation that things in China are not well at all. All crypto’s should have continued to tumble by much more, and Bitcoin should have tumbled by at least another 15% on that news. So why this rebound? Well, I spoke to 4 traders before writing this …

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September 15, 2017 6:19 am
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