Bitcoin Tumbles as China Escalates Crypto Mining Crackdown

Bitcoin price dropped due to China expanding its crackdown on crypto mining.
Other cryptos like Ether, XRP, Cardano and Dogecoin also traded low on Monday.
More than 90% of...
Bitcoin Tumbles as China Escalates Crypto Mining Crackdown © Reuters. Bitcoin Tumbles as China Escalates Crypto Mining Crackdown

 

  • Bitcoin price dropped due to China expanding its crackdown on crypto mining.
  • Other cryptos like Ether, XRP, Cardano and Dogecoin also traded low on Monday.
  • More than 90% of China’s bitcoin mining capacity is currently shut down

The price of Bitcoin dropped Monday on recent reports that China has expanded its crackdown on the mining of cryptos. Following this, Bitcoin traded as much as 9% lower Monday morning before recovering slightly.

BTC was last trading at about $32,300 per coin as of 7 AM ET, according to CoinGecko. Other cryptos, including Ether, XRP, Cardano, and Dogecoin, also traded lower this Monday.

Meanwhile, the declines came after bitcoin mines in the Sichuan Province were closed Sunday. In addition, more than 90% of China’s Bitcoin mining capacity is currently shut down.

Mining i...

This article was first published on coinquora.com

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27-07-2021 02:48:42 (UTC+7)

EUR/USD

1.1801

+0.0030 (+0.25%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

EUR/USD

1.1801

+0.0030 (+0.25%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

GBP/USD

1.3815

+0.0070 (+0.51%)

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↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

USD/JPY

110.40

-0.14 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

AUD/USD

0.7380

+0.0015 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

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USD/CAD

1.2542

-0.0019 (-0.15%)

Summary

↑ Sell

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Sell (12)

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Buy (1)

Sell (8)

EUR/JPY

130.29

+0.15 (+0.12%)

Summary

↑ Buy

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Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

EUR/CHF

1.0809

-0.0009 (-0.08%)

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↑ Buy

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Gold Futures

1,797.85

-3.95 (-0.22%)

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↑ Buy

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Silver Futures

25.253

+0.020 (+0.08%)

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↑ Buy

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Copper Futures

4.5935

+0.1935 (+4.40%)

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↑ Buy

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Buy (6)

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Crude Oil WTI Futures

72.14

+0.07 (+0.10%)

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↑ Buy

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Brent Oil Futures

73.88

+0.44 (+0.60%)

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↑ Buy

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Natural Gas Futures

4.066

+0.024 (+0.59%)

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↑ Sell

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Sell (10)

Indicators:

Buy (1)

Sell (9)

US Coffee C Futures

207.90

+18.90 (+10.00%)

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↑ Buy

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Buy (7)

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Euro Stoxx 50

4,102.59

-6.51 (-0.16%)

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↑ Buy

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Buy (12)

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Buy (8)

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S&P 500

4,418.20

+6.40 (+0.15%)

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↑ Sell

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DAX

15,618.98

-50.31 (-0.32%)

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FTSE 100

7,025.43

-2.15 (-0.03%)

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Hang Seng

26,220.00

-1064.87 (-3.90%)

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↑ Sell

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Buy (2)

Sell (10)

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Buy (0)

Sell (7)

US Small Cap 2000

2,213.80

+4.39 (+0.20%)

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Buy

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IBEX 35

8,775.20

+58.00 (+0.67%)

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Neutral

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Buy (3)

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BASF SE NA O.N.

67.540

+0.510 (+0.76%)

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↑ Buy

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Buy (7)

Sell (1)

Bayer AG NA

51.40

+0.20 (+0.39%)

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↑ Buy

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Buy (12)

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Buy (7)

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Allianz SE VNA O.N.

210.90

+0.40 (+0.19%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (8)

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Adidas AG

311.95

-5.75 (-1.81%)

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↑ Sell

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Buy (1)

Sell (11)

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Buy (1)

Sell (6)

Deutsche Lufthansa AG

9.847

-0.002 (-0.02%)

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↑ Sell

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Buy (0)

Sell (9)

Siemens AG Class N

134.56

-0.09 (-0.07%)

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↑ Buy

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Buy (7)

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Deutsche Bank AG

10.660

+0.070 (+0.66%)

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↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (7)

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 EUR/USD1.1801Buy
 GBP/USD1.3815↑ Buy
 USD/JPY110.40↑ Buy
 AUD/USD0.7380↑ Buy
 USD/CAD1.2542↑ Sell
 EUR/JPY130.29↑ Buy
 EUR/CHF1.0809↑ Buy
 Gold1,797.85↑ Buy
 Silver25.253↑ Buy
 Copper4.5935↑ Buy
 Crude Oil WTI72.14↑ Buy
 Brent Oil73.88↑ Buy
 Natural Gas4.066↑ Sell
 US Coffee C207.90↑ Buy
 Euro Stoxx 504,102.59↑ Buy
 S&P 5004,418.20↑ Sell
 DAX15,618.98↑ Buy
 FTSE 1007,025.43↑ Buy
 Hang Seng26,220.00↑ Sell
 Small Cap 20002,213.80Buy
 IBEX 358,775.20Neutral
 BASF67.540↑ Buy
 Bayer51.40↑ Buy
 Allianz210.90↑ Buy
 Adidas311.95↑ Sell
 Lufthansa9.847↑ Sell
 Siemens AG134.56↑ Buy
 Deutsche Bank AG10.660↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,720
(0/ 0) # 687
SJC HCM5,680/ 5,745
(0/ 0) # 713
SJC Hanoi5,680/ 5,747
(0/ 0) # 715
SJC Danang5,680/ 5,747
(0/ 0) # 715
SJC Nhatrang5,680/ 5,747
(0/ 0) # 715
SJC Cantho5,680/ 5,747
(0/ 0) # 715
Cập nhật 27-07-2021 02:48:44
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,798.07-2.15-0.12%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2188022310
RON 95-II,III2178022210
E5 RON 92-II2061021020
DO 0.05S1653016860
DO 0,001S-V1688017210
Dầu hỏa1550015810
ↂ Giá dầu thô thế giới
WTI$72.13-0.36-0.50%
Brent$74.70-0.73-0.98%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.880,0023.110,00
EUR26.387,0727.760,11
GBP30.825,6632.113,27
JPY203,04213,69
KRW17,2621,01
Cập nhật lúc 18:50:27 26/07/2021
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