@BOMBERuss 24 September 2021 more from that month

"It is possible to reduce it to $38 thousand." What will happen to Bitcoin on the weekend The price of the main cryptocurrency on September 24 fell to $40.6 thousand. Experts predicted whether the quotes will continue to move down or the market will begin to recover in the coming days On September 24, the price of bitcoin exceeded $45 thousand, but then fell to $40.6 thousand. This happened after the statement of the People's Bank of China, in which the regulator banned cryptocurrency transactions in the country and equated them with illegal financial activities. The massive decline in quotations led to a drop in the capitalization of the crypto market by $150 billion. Experts of RBC-Crypto predicted whether the decline will continue in the next two days. A complete ban on conducting cryptocurrency transactions in China will have serious consequences, since the Chinese market is one of the largest markets in the crypto industry, says a financial analyst of the crypto exchange Currency.com Mikhail Karkhalev. According to him, over the past few months, business related to cryptocurrencies has suffered from bans in China, but citizens of the country could use digital assets. "Now virtually all channels are blocked. If a business can change its jurisdiction, then citizens of the Middle Kingdom who want to use cryptocurrencies cannot change their jurisdiction, " the analyst explained. Despite the strong support range in the region of $40-42 thousand, the price of bitcoin may drop to $38 thousand in the coming days, Karhalev admitted. In his opinion, the value of the first cryptocurrency will not stay at this level for a long time, since long-term investors will start buying it, considering this level very attractive for purchases. The news about the ban on cryptocurrency transactions in China will actively affect the crypto market until Monday, according to Andrey Podolyan, CEO of the Cryptorg crypto exchange. In his opinion, in the coming days, we should not expect bitcoin to grow to $45 thousand. #CryptoTrading