FMP
Bitcoin Dropped Below $41,000 on China’s Ban on Crypto Trading
Sep 24, 2021 10:57 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
China's top regulators made an announcement on Friday, according to which all cryptocurrency-related activities are banned, including services offering trading, order matching, token issuance and derivatives for cryptos.
This move, which succeeds by the country’s announcement on crypto mining crackdown earlier this year, pushed all cryptos lower, with Bitcoin dropping below $41,000 losing more than 8%.
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