@BOMBERuss 24 September 2021 more from that month

The capitalization of the crypto market decreased by $150 billion in five hours A massive drop in the quotations of digital assets occurred after the statement of the People's Bank of China, which equated cryptocurrency transactions to illegal financial activities The total capitalization of the digital asset market has decreased by $150 billion over the past five hours. This happened after the rates of bitcoin and other cryptocurrencies collapsed due to the statement of the People's Bank of China on the prohibition of cryptocurrency transactions. The use of digital assets in the country is now equated to illegal financial activities. At 17:00 Moscow time, the capitalization of the crypto market is $1.9 trillion, according to CoinGecko. Over the past five hours, bitcoin has fallen by 8%. The price of the first cryptocurrency fell to the level of $40.6 thousand. The cost of the largest altcoin by capitalization — Ethereum has decreased by almost 9% since 12: 00 Moscow time. During the same period, Cardano and Binance Coin fell by 5% and 9%, respectively. The tokens of two Asian cryptocurrency exchanges — Huobi and OKEx-reacted the most to the statement of the Chinese regulator. The Huobi token fell by almost 19% in five hours. At the same time, the value of the OKEx token (OKB) fell by 16%. #CryptoTrading