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Bitcoin crashes to $30k – more than doubled from April high

Today’s day for cryptocurrencies will be called a black environment – the rates of most digital currencies today have collapsed by double-digit percentages. So bitcoin dropped below $ 32 thousand per token – there has not been such a rate since the last days of January this year.

According to the data presented at the time of writing the news on the Coindesk website, over the past 24 hours, the bitcoin rate has fallen by about 19%. At the time of the maximum drop, the rate was only about $ 30,700, but at the time of writing this note, it was already above $ 35,000. At the same time, about a month ago, bitcoin cost more than $ 60 thousand. That is, since then, it has almost halved.

The second most popular cryptocurrency, Ethereum, collapsed even more. During the day, the price fell by more than 27%. The peak minimum cost was less than $ 1950, and at the time of writing the news, it was slightly above $ 2400. Similar rates were observed for “ether” about a month ago. And just a week ago, Ethereum was trading at more than $ 4300.

Cryptocurrency rates began to decline not so long ago gradually. Elon Max spurred the decline this week, announcing that Tesla is suspending Bitcoin sales of electric vehicles due to their environmental friendliness. However, today’s drop is primarily since the Chinese government has adopted new restrictions on cryptocurrencies, barring local financial institutions from providing services related to digital finance.

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