the crypto market, again in the red!
➡️ One of the reasons, besides the influence of the actions of the American entrepreneur 🇺🇲 Elon Musk, China has recently banned financial institutions and local payment companies from providing services related to cryptocurrencies.
➡️ But in reality, this ban has already been in force since 2017 in the country and the original declaration only serves as a reminder of the laws in force.
👉 Could this be the moment of uncertainty and fear leading to the massive redemption of the giants?