The price of bitcoin continues its fall, dipping by almost 9% to below the $30,000 mark, the latest trading data showed on Tuesday, following reports of the shut-down of crypto mining facilities in China's Sichuan province
MOSCOW (Pakistan Point News / Sputnik - 22nd June, 2021) The price of bitcoin continues its fall, dipping by almost 9% to below the $30,000 mark, the latest trading data showed on Tuesday, following reports of the shut-down of crypto mining facilities in China's Sichuan province.
According to the Binance cryptocurrency exchange, as of 12:30 GMT, Bitcoin traded at $29,955, registering a 8.54% price decrease. The CoinMarketCap portal, which calculates the average price for more than 20 exchanges, also reported a 6.34% price drop to $30,410.
The dynamics cited are for the last 24 hours.
On Sunday, the Sichuan authorities reportedly issued orders to halt crypto mining, incapacitating about 90% of China's bitcoin mining.
