One of the biggest factors rocking the crypto markets right now is the China ban on Bitcoin and crypto, again! Probably for the 4th or 5th time. I’m starting to lose track.

This has set back Bitcoin’s price slightly. I say “slightly”, because when you consider the overall trend, Bitcoin isn’t sitting too bad going into the rest of this fall. In fact, there’s still a lot to be optimistic about.

For starters, PayPal and Twitter have began their campaign. You can now use PayPal for sending and receiving Bitcoin, which will have a massive appeal given how large of a market share PayPal has of U.S. remittance among young persons. Twitter has also began allowing people to tip each other in Bitcoin, which should be the highlight of the week. It won’t be long before Jack Dorsey announces a decentralized version of Twitter as well.

So despite the pullback, the Fear index is mistaken. If it wasn’t for China doing the same old routine, we may have seen a jump in the markets. I expect this to play out more favorably in October.

Let’s take a closer look at Bitcoin below: