Right after the first "crypto-crash" we saw earlier this week,China strikes once again to ban Bitcoin and shutdown local exchanges.This has affected the overall markets to plundge straight down,and ruin the bit of a recovery these markets managed to achieve just a few days ago.
According to this news update created by Coindesk.com, crypto overview sites like CoinmarketCap.com are reporting that local Chinese exchanges currently has Bitcoin listed for as low $3600.These exchanges has however not received any notification from the chinese government,making this idea a great uncertainty.
Charts and news:
As we can see,Bitcoin has taken a dramatic decrease in market value on the 8th of September right after the China ban rumour.
Is Bitcoin really dying? Or this just another hoax to get some cheaper coins before another record high?!
There is quite a few factors that will determine these prices,and the best way to know what is going on,is by keeping up with the news:
- Bitcoin Price Sinks Below $4,200 on China Uncertainty
- Bitcoin crashes on rumors China is banning Bitcoin exchanges by
Live prices on the markets right now:
Current trading price: $4268
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