The cryptocurrency markets plummeted on Monday following a report that the Chinese central bank had issued a blanket ban on initial coin offerings (ICOs). The bitcoin price fell 5%, while the ethereum price took an 11% dive. The altcoin markets fared equally as bad, with 91 of the top 100 cryptocurrencies declining for the day.
Bitcoin Price Slips Below $4,400
China’s ICO Ban Sends Ethereum Price Plunging
Altcoin Markets Bleed
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Source : www.cryptocoinsnews.com