Bitcoin Dips Below $7k Amidst News of China’s Full Ban of Cryptocurrency Exchanges

in #bitcoin • 8 years ago

Bitcoin Dips Below $7k Amidst News of China’s Full Ban of Cryptocurrency Exchanges

[sc name="binance"]
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Bitcoin (BTC) hit a new multi-month low on Monday, Feb. 5, dropping below $7,000 for the first time since the middle of November 2017.

According to Cointelegraph’s price index, BTC reached as low as $ 6,661.51 on Monday, losing at least 11 percent of value in the 24 hours to press time, and about 60 percent over the last 30 days.

Bitcoin Index

The sharp drop of Bitcoin was mimicked by the prices of altcoins, with the top 50 coins losing up to 31 percent of value over the last 24 hours. Ethereum (ETH) experienced a decrease of about 11 percent, while Bitcoin Cash (BCH) and NEO dipped 17 and 16 percent respectively.

The latest cryptocurrency market decline has likely been caused in large part by the recent news from China that all foreign cryptocurrency exchanges are to be banned by the People’s Bank of China(PBoC). Source Cointelegraph [sc name="Ads"]  
#steem #steemit #blog #kr
8 years ago in #bitcoin by
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     8 years ago 

    Woff, woff!

    Hello @vichetuc, We have met 317 times already!

    I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

    KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

    Tips:

    • If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
      Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
    • So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
    • If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
    • If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
    • If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

    I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

    Woff, woff! 🐶

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     8 years ago 

    Hi, great post, worth a follow.

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       8 years ago 

      무슨개소리야!

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         8 years ago 

        ATTENTION: This user is blacklisted
        due to plagiarizing, spamming or identity theft !
        By voting on this post you'r directly supporting
        this person to steal other peoples hard work !

        @vichetuc type @steembusters help in a comment !

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