The position of the People’s Bank of China on the question of cryptocurrency, published on Wednesday, on May 19, led to the collapse of Bitcoin’s course to a minimum since the beginning of February. This is evidenced by the COUNDESK service data accumulating data 20 leading stock exchange.
As of 9:00, the main cryptocurrency costs dropped to 39.3 thousand dollars per coin, the fall is 13.5 percent per day. The Etherium cryptocurrency lost even more – 16.6 percent. It trades at 2.95 thousand dollars.
Beijing announced that cryptocurrency cannot be used as a means of means. A similar prohibition is valid in Russia from January of the current year. However, the position of the Chinese authorities, which accounts for a substantial share of mining and the production of equipment for it, is more significant for the market.
The historical maximum of the cost of Bitcoin fell on April 14, then cryptocurrency cost 64 thousand dollars. It was then began to gradually decline, and the head of Spacex and Tesla Ilon Mask aggravated the situation. Billionaire whose investments in Bitcoin pushed the asset, unexpectedly criticized him, and his company stopped selling his electric vehicles for cryptocurrency.
Cryptovaya DOGECOIN, which, because of the greater ecological mask, supported, also falls per day by almost 17 percent.