The cryptocurrency market made a swift comeback from the turbulence last week triggered by China’s latest crackdown volley.
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China’s multiyear crackdown on the crypto industry may have reached its apex on Friday, cementing a shift in the balance of power away from one of the countries that first embraced the digital currency world.
China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity and banning crypto mining nationwide.
Bitcoin extended losses on Tuesday, falling to the lowest level since August after a global selloff in riskier assets.
Bitcoin and US stocks are moving increasingly in lockstep as investor anxiety builds ahead of this week’s Federal Reserve meeting.
The lesson haunting regulators is that falling asleep at the wheel before the next crypto-market slump could leave far bigger scars than in 2017. By Lionel Laurent.
A total failure in El Salvador won’t doom digital currencies, but it will force a downward revision in potential market share of many crypto ideas. By Aaron Brown.
Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in two-and-a-half months as El Salvador’s historic adoption of the crypto asset as legal tender caused chaos online and on the street.
Bitcoin plunged as much as 17% to its lowest level in a month amid news El Salvador’s cryptocurrency roll-out was faltering.
Bitcoin is undergoing the biggest test in its 12-year history as El Salvador becomes the first country to adopt it as legal tender on Tuesday.