Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June.Read more
More than $1 billion was liquidated on major exchanges on Monday as Bitcoin continued its bad weekly performance and Ethereum revisited sub-$2,000 levels.Read more
The People’s Bank of China (PBOC) has pressed major banks and payment platform Alipay to cease providing services linked to cryptocurrencies.
The PBOC issued the orders at a meeting where it had summoned the major lenders and payment platforms in the country.
Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable.Read more
China’s central bank has issued guidelines for a harder crackdown on crypto.
Bitcoin and crypto prices crashed this morning after the news broke-out, with experts warning this crackdown is more serious than previous ones.
The Agriculture Bank of China (AgBank) — the world’s third-largest bank by assets — is set to implement Beijing’s firm anti-cryptocurrency measures and rigorously vet its clients to ensure they are not engaged in any form of illegal activities involving crypto transacting, trading or minRead more
Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling.
What could be next? With bullish short-term voices few and far between, it seems that cryptocurrency just isn’t of interest to investors right now.
Bitcoin (BTC) shed $1,000 in minutes on June 21 as fresh news from China succeeded in routing bulls yet again.
BTC/USD 1-hour candle chart (Bitstamp).
Bitcoin’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging.
Bitcoin’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May.
At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.Read more