Bitcoin Tumbles Below $30,000 On China Crypto-Crackdown


Source: 47vibez.com.ng 47vibez.com.ng

Key Topics in this News Article:

News Snapshot:

22nd June 2021 Not everybody understands how Bitcoin works and the risks involved Bitcoin has fallen below $30,000 for the first time in more than five months, hit by China ’s crackdown on the world’s most popular cryptocurrency . The digital currency slipped to about $28,890, and has lost about 50% of its value since since reaching an all-time high of $64,870 in April. China has told banks and payments platforms to stop supporting digital currency transactions. It follows an order on Friday to stop Bitcoin mining in Sichuan province. On Monday, China ’s central bank said it had recently...