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Chinese government bans cryptocurrecy videos | Peter Brandt sees the reason for BTC’s decline in low volume

by Roman B.
April 7, 2025
in Cryptheory News
Reading Time: 2 mins read

 

The Chinese government has expanded its measures to combat cryptocurrencies and is now focusing on short videos about them, published on the Internet.

The Chinese government has banned videos of cryptocurrencies

In an updated publication by the China Network Broadcasting Services Association, the country banned the publication of videos promoting digital assets, including BTC.

The Internet Standards for 2021 for short video content recommend that users do not publish visual content that encourages public participation in digital currencies, mining, trading and speculation.

The ban will apply to multiple platforms, including the Chinese versions of TikTok Douuin and Kuaishou, as well as messaging applications and microblogging platforms such as WeChat.

The ban on crunch-related videos has been added to the list of 100 banned topics. Some of them include the country’s official history, parodies of political leaders, contempt for Chinese ideology, and discussions of fascism.

_____

Legendary trader Peter Brandt shared his views on BTC’s current price drop and indicated that the biggest cryptocurrency has not yet reached the bottom of the correction due to the infinitesimal trading volume.

Peter Brandt wrote on Twitter:

Implications of volume. Key bottoms in $BTC have occurred with high volume panic capitulation.

Image
source: Twitter

The slow decline suggests that we still have to worry about price losses before the bulls regain control of the market. Analyst Willy Woo is convinced that there are no signs of a sale, which indicates that the hodlers are in a good mood. In his view, the market is now in a phase of consolidation.

When we return to Brandt, he told the traders to look at the formation of a bear double top, while making he made clear that this pattern had not yet been confirmed. BTC started the last month of the year with a big sale. The price fell to $ 42,000, now its price is hovering at $ 46,000.

Analyst indicates future price of BTC and three other cryptocurrencies

  • Author
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Roman B.
Roman B.
I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com and now Cryptonews.com.
Roman B.
Latest posts by Roman B. (see all)
  • Ethereum Is Cooking Again: Are You Gonna Ride or Cry? - June 30, 2025
  • Bitcoin: Everyone’s Scared, But The Charts Are Screaming “It Ain’t Over!” - June 25, 2025
  • The Centralized Trap: Is Web3 Quietly Turning Back Into Web2? - June 24, 2025
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