Bitcoin drops 4% as China spreads crypto crackdown to Sichuan

The price of Bitcoin plunged more than 4% on Monday amid reports that the Chinese authorities widened its order to crack down on cryptocurrencies to its Sichuan province.

The order, reportedly issued on Friday, asked the state electricity companies to immediately stop supplying crypto-mining projects with electricity and demanded from the local authorities to look for additional miners.

Bitcoin tumbled 4.53% selling for $33,979 at 12:53 pm ET, while Ethereum plunged by 6.68% to go for $2,092.97 a minute later.



Breaking the News / BU



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento