Cryptocurrencies in sharp decline even today. Bitcoin has slipped below the $ 30,000 mark (low of $ 29,350) for the first time since January and the YTD balance has now dropped to just + 4% with values more than halved from the peak of nearly $ 65,000 in April.
The Ethereum was also very bad at $ 1,765 (-10%), the Cardano -18% and the Dogecoin even at -25% (eighth consecutive session down for the crypto meme).
The sell-off was triggered yesterday by the People’s Bank of China (PBOC) which urged China’s largest banks and payment companies to crack down on cryptocurrency trading harder. Following the PBOC statement, banks including the Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Postal Savings Bank and Industrial Bank and also Alipay (an online payment platform headed by Alibaba) will need to step up monitoring. to root out cryptographic transactions.