{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=China+cracks+down+and+Bitcoin+cracks+-+plummeting+in+price&text=Bitcoin+price+has+taken+a+massive+knock+following+China%27s+pledge+to+crack+down+on+cryptocurrency+activity.&text=%3Ca+title%3D%22Bitcoin+Evolution+Test+%26amp%3B+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fbitcoin-evolution-review%2F%22+data-replaced%3D%22true%22%3EBitcoin%3C%2Fa%3E+price+saw+a+massive+drop+in+price+as+China+reconfirms+its+stance+on+%3Ca+title%3D%22Trade+Bitcoin%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Ftrading-platforms%2F%22+data-replaced%3D%22true%22%3EBitcoin+trading%3C%2Fa%3E+and+mining+-+cementing+its+pledge+against+the+market.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0ABitcoin+price+has+been+struggling+to+regain+semblances+of+healthy+following+a+rocky+past+month%2C+dropping+from+an+all-time+trading+value+to+hover+around+%2445%2C000+USD.+After+gaining+some+value+back+earlier+this+week%2C+the+news+from+China+has+shattered+the+progress%2C+breaking+Bitcoin+by+10%25+within+minutes+dropping+the+leading+token+to+%2437%2C000+USD.%0A%3Ch2%3EChina%27s+clamp+down+on+Bitcoin%3C%2Fh2%3E%0AAccording+to+the+statement%3Ca+href%3D%22http%3A%2F%2Fwww.gov.cn%2Fxinwen%2F2021-05%2F21%2Fcontent_5610192.htm%3Fivk_sa%3D1023197a%22%3E%C2%A0released+by+the+Chinese+government%3C%2Fa%3E%2C+the+nation+plans+to+%22%3Cem%3Efocus+on+reducing+credit+risks%2C+strengthen+the+supervision+of+platform+enterprises%27+financial+activities%2C+crack+down+on+Bitcoin+mining+and+trading+behavior%2C+and+resolutely+prevent+the+transmission+of+individual+risks+to+the+social+field.%22+%3C%2Fem%3EThis+means+that+it+will+be+looking+to+%22%3Cem%3Emaintain+the+smooth+operation+of+the+stock%2C+debt%2C+and+foreign+exchange+markets%2C+severely+crack+down+on+illegal+securities+activities%2C+and+severely+punish+illegal+financial+activities.%22+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AThis+crack-down+comes+from+China%27s+alleged+plans+to+implement+strategies+to+enhance+and+protect+the+economy+with+a+three-step+approach.+As+per+the+report%3A%0A%3Col%3E%0A+%09%3Cli%3E%3Cem%3EOne+is+to+further+serve+the+real+economy.%C2%A0%3C%2Fem%3E%3C%2Fli%3E%0A+%09%3Cli%3E%3Cem%3EThe+second+is+to+resolutely+prevent+and+control+financial+risks.%C2%A0%3C%2Fem%3E%3C%2Fli%3E%0A+%09%3Cli%3E%3Cem%3EThe+third+is+to+continue+to+deepen+reform+and+opening+up.%3C%2Fem%3E%3C%2Fli%3E%0A%3C%2Fol%3E%0A%3Ch2%3EThe+market+responds%3C%2Fh2%3E%0AWhile+Bitcoin+might+have+experienced+a+10%25+immediate+knock%2C+the+token+has+proved+to+be+resilient+over+time+against+this.+Historically%2C+Bitcoin+has+bounced+back+from+lows+after+political+news+has+rocked+the+market.+Some+of+those+within+the+industry+don%27t+seem+perturbed+by+the+news+either.+WhalePanda%2C+well-known+for+reporting+and+commenting+on+market+news%2C+noted+that+this+might+allow+for+a+more+transparent+market.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3ELet+China+actually+ban+Bitcoin+and+Bitcoin+mining.%3C%2Fp%3E%0AMining+would+be+more+decentralized%2C+black+market+for+Bitcoin+would+thrive+and+the+%22China+controls+Bitcoin%22+false+narrative+would+disappear.%0A%0A%E2%80%94+WhalePanda+%28%40WhalePanda%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FWhalePanda%2Fstatus%2F1395750459651117064%3Fref_src%3Dtwsrc%255Etfw%22%3EMay+21%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E","timeout":15}