The Price of Bitcoin, Ethereum tumble further; Dogecoin down more than 20%
The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, tumbled after China expanded its crackdown on cryptocurrency mining.
The global cryptocurrency market capitalization is currently $1.32 trillion, a decline of 10.42 percent in the past 24 hours.
Major cryptocurrencies are currently trading in the red, with Bitcoin, Ethereum, and Dogecoin seeing massive drops in prices.
The global cryptocurrency market capitalization is currently $1.32 trillion, a decline of 10.42 percent in the past 24 hours.
The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, tumbled after China expanded its crackdown on cryptocurrency mining.
Reuters reported that the price of bitcoin fell 10.7 percent to $31,333 on June 21, a two-week low.
Investors also became worried after bitcoin’s price formed a chart formation called “death cross”, which occurs when the 50-day moving average (DMA) dips below the longer-term 200-day moving average.
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