Cryptocurrencies are on the decline and here’s why in Investing.com



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© Reuters.

Investing.com – As part of a new crackdown on digital currencies from China, China’s central bank on Friday pledged to crack down on illegal crypto-trading activity and ban foreign exchanges from providing services to investors Chinese online.

The People’s Bank of China also said it would ban financial institutions, payment companies and internet companies from facilitating trade, and tighten oversight of risks arising from such activities.

walk now

It now stands at $ 42,813.7 for the symbol, down 3.36%.

And we record Ethereum 2,864.87, down 8.03%.

As for cardano, it hasn’t escaped the downside either, and cardano is now down 4.43% to $ 2.1379 for the symbol.

As for the record of 135,438, a drop of 8.20%.

As well as Polkadt, Dogecoin and Avalanche, whose shares are hedged in red, pointing to the downside, and their prices are united, in order, at 29.308 (-6.32%), 0.205154 (-7.94 %) and 69.69 (-8.89%). ).

Bitcoin technical update

From a technical standpoint, Bitcoin is at risk of falling towards the 40K level if it breaks the support level at $ 42,500. On the flip side, the 200-day moving average stands at $ 45,690 an ounce, and you’ll need to hit that level to break through the negativity.

Explanation of the risks: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.



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