News Snapshot:
Bitcoin fell 5% on Friday in half an hour after the People’s Bank of China promised to vigorously fight against transactions in digital currencies, classified by Beijing as an illegal means of payment, in the country’s territory. According Coindesk data, at 08:50 (GMT time) the currency was trading at $ 44,902, but already at 09:27 it reached today’s low of $ 42,689. It has later recovered a bit and is now selling for around $ 42,900. This dynamics was also reflected in other digital currencies, causing the drop of ether by 8% and XRP by about 7%. More information, shortly.
