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Cryptocurrency market crashed


Juin, 22 2021
watermark Economic news

Over the past day, the cryptocurrency market collapsed, and the fall of some assets was 10-20%. The main reason for this was the restrictions on mining in China, one of the world's centers for generating digital currencies.


The most popular cryptocurrency, Bitcoin, fell to $31,511 thousand, having lost more than 11% of its value. Ethereum has fallen in price by 8%, to $1,948 thousand. Dogecoin fell more than the rest – by 23% to $ 0.2.


The fall began after the authorities in China's Sichuan province, one of China's mining centers, cut power to 26 mining companies in mid-June. Traders fear China will continue to tighten mining conditions.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.