The recent surge in the value of Bitcoin has captured the attention of internet users in mainland China, despite the government’s strict ban on cryptocurrency activities. Bitcoin (BTC), the world’s largest cryptocurrency, experienced a significant increase of over 21% in the past five days, reaching $64,000 on Thursday.
Bitcoin Is Trending On Chinese Social Media
The rapid rise in Bitcoin price made it a trending topic across major Chinese social media platforms, with Weibo ranking it as the 11th most-searched term at one point on Wednesday. Additionally, Bitcoin’s popularity soared by over 358% on WeChat, according to Tencent Holdings’ official WeChat Index.
This surge in interest follows a 676% increase in Bitcoin’s popularity on WeChat on February 13, coinciding with its milestone of surpassing the $60,000 mark for the first time in over two years. Bitcoin’s price has risen by 47% since the beginning of February, bouncing back from the lows experienced in the previous ye
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