Cryptocurrencies Plunged

Cryptocurrencies Plunged

YICHANG, CHINA - AUGUST 5, 2024 - Bitcoin, Ethereum and Dogecoin physical commemorative coins are displayed in Yichang, Hubei province, August 5, 2024.

Cryptocurrencies Plunged

Cryptocurrencies Plunged

YICHANG, CHINA - AUGUST 5, 2024 - Bitcoin, Ethereum and Dogecoin physical commemorative coins are displayed in Yichang, Hubei province, August 5, 2024.

Cryptocurrencies Plunged

Cryptocurrencies Plunged

YICHANG, CHINA - AUGUST 5, 2024 - Bitcoin, Ethereum and Dogecoin physical commemorative coins are displayed in Yichang, Hubei province, August 5, 2024.

Cryptocurrencies Plunged

Cryptocurrencies Plunged

YICHANG, CHINA - AUGUST 5, 2024 - Bitcoin, Ethereum and Dogecoin physical commemorative coins are displayed in Yichang, Hubei province, August 5, 2024.

Cryptocurrencies Plunged

Cryptocurrencies Plunged

YICHANG, CHINA - AUGUST 5, 2024 - Bitcoin, Ethereum and Dogecoin physical commemorative coins are displayed in Yichang, Hubei province, August 5, 2024.

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin Falls Below $ 30,000 After China's Crackdown

Bitcoin's price has fallen sharply. Bitcoin has dropped from more than 35,000 euros in two days to about 30,000 euros on Tuesday evening. That is a loss of almost 15 percent. The cause of the sharp decline lies in China. The government is working hard to completely ban cryptocurrencies. For example, 26 so-called crypto mines were closed at the behest of the authorities. These are companies that are engaged in mining bitcoins. Netherlands on June 22, 2021. Photo by Robin Utrecht/ABACAPRESS.COM