Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Cryptocurrency market crashed


June, 22 2021
watermark Economic news

Over the past day, the cryptocurrency market collapsed, and the fall of some assets was 10-20%. The main reason for this was the restrictions on mining in China, one of the world's centers for generating digital currencies.


The most popular cryptocurrency, Bitcoin, fell to $31,511 thousand, having lost more than 11% of its value. Ethereum has fallen in price by 8%, to $1,948 thousand. Dogecoin fell more than the rest – by 23% to $ 0.2.


The fall began after the authorities in China's Sichuan province, one of China's mining centers, cut power to 26 mining companies in mid-June. Traders fear China will continue to tighten mining conditions.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.