News Snapshot:
Key Takeaways - The People’s Bank of China has deemed all cryptocurrency trading activities illegal. - Bitcoin and Ethereum fell in tandem, losing more than 6% in market value. - If the bearish momentum accelerates, BTC could target $36,000 and ETH $2,400. Share this article Another Chinese cryptocurrency ban has hit the market hard, pushing Bitcoin and Ethereum toward critical support levels. Now, investors must remain vigilant as further selling pressure could lead to more considerable losses. PBOC Cracks Down on Crypto The People’s Bank of China (PBOC) announced that it would be taking further measures to crack down on...
