Bitcoin drops sharply amid the announcement of the Chinese Deputy Prime Minister to ban mining

Bitcoin drops sharply amid the announcement of the Chinese Deputy Prime Minister to ban mining

Vice Premier of the State Council of the People’s Republic of China Liu He announced that he had issued an order to suppress Bitcoin mining and trading activity. The corresponding notice was published on the official website of the Chinese government.

Amid this announcement, bitcoin’s price plummeted by 10% from $ 41,750 to less than $ 38,000.

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