{"id":121869,"date":"2021-09-26T00:08:43","date_gmt":"2021-09-26T00:08:43","guid":{"rendered":"https:\/\/fin2me.com\/?p=121869"},"modified":"2021-09-26T00:08:43","modified_gmt":"2021-09-26T00:08:43","slug":"cryptocurrency-trading-mixed-day-after-china-crackdown","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/cryptocurrency-trading-mixed-day-after-china-crackdown\/","title":{"rendered":"Cryptocurrency trading mixed, day after China crackdown"},"content":{"rendered":"

Fox Business Flash top headlines for September 24<\/h2>\n

Check out what’s clicking on FoxBusiness.com.\n<\/p>\n

Bitcoin was trading 0.54% lower early Saturday, one day after Chinese regulators said all crypto-related activities are illegal.<\/p>\n

TIGER WOODS, AUTOGRAPH, DRAFTKINGS LAUNCHING EXCLUSIVE NFT COLLECTION<\/strong><\/p>\n

The price was around $42,850 per coin, while rivals Ethereum and Dogecoin were trading around $2,945 (+0.87%) and 21 cents (+0.55%) per coin, respectively, according to Coindesk.<\/p>\n

Following the announcement from the People’s Bank of China, Bitcoin dropped nearly 6% to around $41,700 per coin, while Ethereum and XRP dropped 8% to around $2,800 per coin and 7% to 91 cents per coin, respectively, according to real-time price tracking by Coindesk. <\/p>\n

<\/picture>\n

Bitcoin was trading 0.54% lower early Saturday, one day after Chinese regulators said all crypto-related activities are illegal.<\/span> (iStock)<\/span><\/p>\n

A notice from the People's Bank of China on Friday complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money laundering and other crimes.<\/p>\n

"Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited," the People’s Bank of China said on its website.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

Under terms of the note published by the government, banks and other financial institutions are banned from offering services related to crypto, including transactions of fiat to crypto currencies, or from one crypto to another. Anyone facilitating trades is subject to legal prosecution, including those individuals who live inside China but work for off-shore crypto exchanges that provide service to China.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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Bitcoin was trading 0.54% lower early Saturday, one day after Chinese […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCryptocurrency trading mixed, day after China crackdown - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/cryptocurrency-trading-mixed-day-after-china-crackdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency trading mixed, day after China crackdown - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Fox Business Flash top headlines for September 24 Check out what’s clicking on FoxBusiness.com. 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