Cryptocurrencies have been on a downward trajectory amid a growing crackdown on the industry from regulators around the world. Binance, the world's largest crypto exchange, is facing pressure from regulators in the U.K., Italy, and other countries to stop crypto mining.
The price of bitcoin traded as high as $32,765. The world's biggest digital coin is now trading at $31,641. Smaller cryptocurrencies ether and XRP also rebounded about 6% after a brief sell-off. Bitcoin is the most valuable currency in the world. The price of bitcoin fell below the $30,000 mark for the first time since June 22.
The price of ether plunged about 1.5%. The price of bitcoin jumped by more than % earlier in the day. New Jersey's attorney general issued a cease-and-desist letter to crypto lending firm BlockFi.
Comments
Post a Comment