Cryptocurrency crashed
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Bitcoin fell below $ 40 thousand after reports from China about possible problems with the circulation of cryptocurrencies.
The collapse of the bitcoin rate to a minimum since the beginning of February was due to a message from the People’s Bank of China on the issue of cryptocurrencies. At the moment, the cost of the main cryptocurrency is 39.1 thousand dollars. This is evidenced by the service data CoinDesk.
The fall is 13.5 percent per day.
Beijing previously stated that cryptocurrencies cannot be used as a means of payment. China accounts for a significant share of mining and production of equipment for it, so this position is very significant for the market.
Recall that on April 14, 2021, bitcoin updated its historical maximum and reached $ 64 854.
Previously Bitcoin price collapsed because of Musk’s words… The billionaire did not rule out that his Tesla electric car company may or has already sold its bitcoin assets.
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