Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Bitcoin falls further as China cracks down on crypto-currencies
#1
[Image: _118569414_bitcoin2.jpg]

The price of Bitcoin fell below $34,000 (£24,030) for the first time in three months on Wednesday, after China imposed fresh curbs on crypto-currencies.

Beijing banned banks and payment firms from providing services related to crypto-currency transactions.

It also warned investors against speculative crypto trading on Tuesday.

It follows falls in Bitcoin of more than 10% last week after Tesla said it would no longer accept the currency.

On Wednesday afternoon, Bitcoin recovered some ground, although it was still down -10.4% at $38,131.

Meanwhile, other digital currencies such as Ether, which acts as the fuel for the Ethereum blockchain network, and Dogecoin lost as much as 22% and 24% respectively.


- More -
Reply


Messages In This Thread
Bitcoin falls further as China cracks down on crypto-currencies - by superadmin - 05-20-2021, 11:41 AM

Forum Jump:


Users browsing this thread: 2 Guest(s)