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Cryptocurrencies fell at the beginning of the week and Bitcoin fell below the 33 thousand dollar levels
image 21 June، 2021
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Digital currencies continue to fall at the beginning of this week, as Bitcoin loses more than 5% in the middle of today’s trading session, Monday, June 21, to lose more than 15% in the last seven days, while Ethereum loses about 7% amid rising concerns about the continuation of China’s campaign for cryptocurrencies . Authorities in southwestern Sichuan Province, the second-largest crypto-mining province, at the end of the week ordered the closure of crypto-mining projects, raising fears and concerns in markets that China will take a tougher stance on cryptocurrencies. In mid-May, China, which represents more than half of global bitcoin production, banned financial institutions from providing cryptocurrency services and warned investors against speculating in cryptocurrency trading, and cryptocurrencies fell from their highest levels. China’s Agriculture Bank AG Bank, the second largest bank in China by assets, has announced its commitment to the central bank’s directives to clamp down on cryptocurrency trading and mining activities. Bitcoin is trading at levels of $ 32.934 thousand, down by about 5%, with a decline in the market value to $ 623 billion, while Ethereum is trading at levels of $ 1.990 thousand, down by about 6.5%, and a market value of up to $234 billion. The Dogecoin, in turn, is trading on a return of about 9.6% at levels of $0.2488, with a market value of up to $33 billion, while Cardano is losing about 4% when it is trading at levels of $1.31.

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