When Elon Musk isn't busy manipulating the cryptocurrency market, China is happy to do so in his place. In a repeat of what we witnessed earlier this year, bitcoin is crashing on Monday, following more bad news from China, where many mining operations have been taken offline.
China’s desire to regulate digital currency isn’t new, and the country has sent similar shockwaves through the market in previous years. The effects on the price of bitcoin have been drastic, but the currency has always bounced back, rallying to new highs. It’s too early to tell if the same will be true following China’s latest moves, as the entire market continues to stay in the red.
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China has once again tanked the entire cryptocurrency market originally appeared on BGR.com on Mon, 21 Jun 2021 at 21:01:13 EDT. Please see our terms for use of feeds.
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