Cryptocurrency News Today | Latest Cryptocurrency News
Cryptocurrency News Today | Latest Cryptocurrency News
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The cryptocurrency market is down 7.77% in the last 24 hours.
After a year of gains and record highs, cryptocurrencies are enduring a turbulent time with unpredictable price changes. Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.
It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges, and warned against speculative trading.
A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in the latest wave of restrictions on cryptos.
China’s crackdown on cryptos comes days after Musk’s shock announcement. Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021. It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
The price of Bitcoin was £31,595.16 after the latest drop in prices (21 September), according to Binance. In the last 24 hours, Ethereum had dropped to a value of £2,245.12. Cryptocurrencies are seen as an alternative to traditional banking methods, cheaper to move money around due to not being regulated by the government or its banks.
The global crypto market cap tanked over 5 percent to $1.91 trillion compared to the last day. However, the total crypto market volume gained as much as 68 percent to $150.66 billion. Polkadot remains fundamentally a strong asset, despite the fact that it has been in a downturn for the past few days, said ZebPay Trade Desk.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰ Time Stamp ⏰
00:00 Introduction
00:22 Walmart-litecoin
00:43 Revolut
01:07 Interactive Broker
01:31 China Crypto Mining
01:50 South Korean Exchange
02:11 Solana
02:33 Time magazine
02:59 Nakamoto Statue
03:19 Outro
Watch video Cryptocurrency News Today | Latest Cryptocurrency News online without registration, duration hours minute second in high quality. This video was added by user 💎 Crypto Gems 💎 21 September 2021, don't forget to share it with your friends and acquaintances, it has been viewed on our site 1,97 once and liked it 24 people.