Market

Market Continues To Fall as China Mulls Banning BTC Mining By CoinQuora

Market Continues To Fall as China Mulls Banning BTC Mining
  • China’s Financial Committee announces a crackdown on mining activities.
  • The market continues to fall down as Bitcoin reacts negatively to this news.
  • It is the first time the highest level of Chinese government addresses a stop on trading BTC.

In a meeting held this Friday, China discusses strict anti-cryptocurrency regulations. China’s Financial Committee discussed ways to lessen financial risks in the country. More so, the said council headed by its Vice Premier Council Liu He believes it ensures a powerful economic cycle.

With that said, the Twitter community thinks it is simply FUD (fear, uncertainty, and doubt). However, Bitcoin seems to react negatively to this news, falling below $36,000.

Apart from this, Wu Blockchain,

This article was first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button