China has been accumulating gold for years, and are now taking steps to tie it to yuan. Interest rates in the U.S. are rising, and the Chinese are not so eager to keep piling up on U.S. dollars and U.S. Treasury debt.
It's not a new revelation that a significant cause of bitcoin network congestion is from popular services such as 
South Korean government officials have reportedly been caught insider trading. They sold their cryptocurrency holdings and profited just before the regulators announced crypto regulatory measures.
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