BTC/USD - 60M CHART

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China's state-run media continues to give traction to China's endeavor on the blockchain field by broadly continue to give positive coverage over the matter. In its most report, Xinhua News Agency published an article talking positively about Bitcoin, recognizing that it was “the first successful application of blockchain technology.” Throughout the material, they talked about the historical aspects of BTC, which might influence the hype around the cryptocurrency today and increase its volatility, as these types of signs of progress on China have been received with a strong bullish sentiment by the market. On the geopolitical side, the Hong Kong protests have taken a dangerous path, which seems to only fuel an escalation of conflicts, which can work as a trigger for Bitcoin due to the instability of the region and its characteristic of been decentralized.