Bitcoin’s cost on June 21 fell nine percent, writes Reuters. The price has reached a minimum level over the past 12 days – $ 32,288. If the trend is preserved, then this cryptocurrency will put another anti-record, cheaper to the lowest level for the last month.
Cost reduction occurs against the background of the Chinese authorities, who ordered to close the mining projects in separate regions. This was part of the general policy of Beijing to tighten the regulation of the industry. “Hard measures regarding Chinese miners may lead to the fact that they are hastily selling cryptocurrency in conditions of insignificant demand and pull us down,” the representative of London cryptocompany BCB Group Ben Seblya.
from April peak at 65 thousand dollars, Bitcoin fell halfway, but since the beginning of the year it still showed an increase of 10 percent. In the near future, it is worth counting on the price range from 32 to 40 thousand dollars, analysts predicted.
Since June 9, cryptocurrency projects in the Chinese province of Qinghai and District in the neighboring province of Sinjiang were banned by the decision of the local authorities. At the same time, Sinjiang is a major mineling center in China, it accounts for a third of the country’s total computer capacity.
In June, the legal payment facility Bitcoin made Salvador, but representatives of financial regulators of many countries are skeptical about cryptocurrency, which creates prerequisites for volatility. Legalize Bitcoin does not plan and Russian Central Bank.