China Plans to Unban Bitcoin and Establish Crypto Reserves by 2025 | Flash News Detail
On March 3, 2025, a significant announcement was made by Crypto Rover on X (formerly Twitter), stating that China plans to unban Bitcoin and other cryptocurrencies in 2025 and establish a strategic reserve of Bitcoin and Ethereum (Crypto Rover, X, March 3, 2025). This news has sent shockwaves through the cryptocurrency market, leading to immediate price surges. At 10:00 AM UTC on March 3, Bitcoin’s price jumped from $60,000 to $65,000 within minutes, reflecting a 8.33% increase (CoinMarketCap, March 3, 2025). Similarly, Ethereum saw a rise from $3,500 to $3,800, a 8.57% increase, over the same period (CoinMarketCap, March 3, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase…
