Described as #China's #Twitter, #Weibo blocked the crypto money accounts of #DeFi leaders and many investors.
According to the latest information, the pressure policy against cryptocurrencies in #China is getting even tougher. The latest news from Wiebo, which we can describe as China's Twitter, seems to have led to a pullback in cryptocurrency prices again.
🚨KOL Accounts Blocked
According to the latest information obtained from Weibo has blocked many crypto money #KOL (main opinion leader) accounts. In the statements made, it is stated that this situation may be one of the toughest obstacles faced by cryptocurrencies. Also, this Weibo move is probably a result of #Beijing's repressive #policy against cryptocurrencies.
According to the statements of #WU #Blockchain, among the blocked accounts are the accounts of China's most famous decentralized finance (DeFi) leader and many famous investors.
🚨Cryptocurrency Prices React Instantly
Cryptocurrencies, which had some retreat with the tweet sent by Elon Musk yesterday, turned green again today and started to recover. However, the news from Weibo seems to have brought the prices of cryptocurrencies down again.
After the news, the leading cryptocurrency Bitcoin fell from the $ 37,900 band to the level of $ 36,000, while Ethereum (ETH) fell from the $ 2,800 level to the $ 2,650 band.
Analysts are divided at this point: While some names say that the crypto money market is very tired and a serious retracement may begin, some others say that these decreases are only an instant reaction and the trends seen in technical analysis will continue.