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A bitcoin miner sold 1,366 bitcoins, seconds before China’s central bank announced the cryptocurrency ban.
China’s central bank on Friday pledged to crack down on illegal cryptocurrency trading activities and banned foreign exchanges from providing online services to mainland investors.
The People’s Bank of China, which has ruled all cryptocurrency-related transactions illegal, said it would ban financial institutions, payment companies and internet companies from facilitating cryptocurrency trading and tighten oversight of cryptocurrencies. risks arising from these activities.
Comments from the People’s Bank of China sent cryptocurrencies down and markets were on edge, as China tightened its grip on sectors ranging from private education to digital games, and the debt crisis from real estate developer Evergrande added to the tension.
Data showed that a person made around $ 58 million selling bitcoin moments before Beijing’s announcement, according to Yahoo Finance, after selling 952 bitcoin earlier.
Following China’s announcement, Bitcoin fell 7.8% to $ 41,220, and Ether, EOS, Litecoin, and Dash all fell more than 7%.
Today, Sunday, Bitcoin currency rose 1.19% to $ 43,178K, and Ethereum currency rose 0.91% to $ 2,965.67.
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