Market players pointed to poor liquidity and the expansion of China’s campaign against bitcoin mining, according to the Arab portal for technical news.
Bitcoin fell to $32,288, its lowest level in 12 days, and was last down 7.5 percent. If it continues, the decline will be the largest in about a month.
On Friday, authorities in China’s southwestern Sichuan Province ordered the closure of crypto-mining projects.
The State Council, China’s cabinet, pledged last month to crack down on bitcoin mining and trading as part of a series of measures to control financial risks.
Last update: June 21, 2021 – 13:00
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