China Crackdown Causes Crash to $42,000 📉

Hours later, Beijing burst Bitcoin's bubble — with the People's Bank of China declaring that all crypto-related transactions are illegal. Financial institutions and payment providers will be stopped from facilitating trades, and monitoring will be stepped up. The latest stage of the crypto crackdown comes ahead of the digital yuan's launch, expected in February. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Bringing You the Price Movements of All Your Favorite Tokens SPONSORED AD A Little BIT Goes a Long Way! Be a part of BitDAO and shape the future of DeFi. Grab up to 3,500 BIT with your Bybit account. [Find out how, here.]( Be a part of BitDAO and shape the future of DeFi. Grab up to 3,500 BIT with your Bybit account. [Find out how, here.]( [Check Out Our Heatmap Here!]( Top 5 Trending Crypto Assets [More Trending Tokens Here!]( Top 5 Gainers Crypto Assets [More Top Gainers Here!]( Top 5 Losers Crypto Assets [More Top Losers Here!]( We Aren’t Just Daily Price Data. Take A Look At Our Other Products: Watchlist Airdrop Event Create a "[Watchlist]( to win up to 1,000 USDT airdrops! [Create Watchlist Now]( Watchlist Airdrop Event Create a "[Watchlist]( to win up to 1,000 USDT airdrops! [Create Watchlist Now]( [Facebook]( [Twitter]( [Instagram]( [Telegram]( © 2021 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States