Bitcoin Dips Below $7k Amidst News of China’s Full Ban of Cryptocurrency Exchanges
Bitcoin Dips Below $7k Amidst News of China’s Full Ban of Cryptocurrency Exchanges
[sc name="binance"]![alt](https://steemitimages.com/640x0/http://www.bitcoingeek.me/wp-content/uploads/2018/02/Bitcoin-Dips-Below-7k-Amidst-News-of-China’s-Full-Ban-of-Cryptocurrency-Exchanges.jpg)
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.
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"]
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.
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Tips:
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.
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Woff, woff! 🐶
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무슨개소리야!
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@vichetuc type @steembusters help in a comment !