Ethereum Price Prediction: ETH Value in 'Danger' Along With Bitcoin Amid China Ban


Source: itechpost.com itechpost.com

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An alert came out saying Ethereum and Bitcoin prices are in danger. China has continued banning cryptocurrency and activities associated with it, which led to thousands of Chinese miners being decommissioned. Furthermore, China is reportedly dumping GPUs, implying that their mining capacity has ended--a situation that could lead to all crypto prices dropping to dangerous levels. Months earlier , China took serious action against its local cryptocurrency miners. A "crackdown" was declared, and China blocked all internet access against major cryptocurrency exchanges. Chinese users on Houbi and Binance were discretely required to use location-masking VPN to continue access in their...