on Friday, banning cryptocurrency transactions and mining, and saying that overseas exchanges are barred from providing services to mainland investors via the internet and that mainland-China based employees of overseas crypto exchanges would be investigated., a fintech and construction company majority owned by Xu Mingxing the founder of cryptoexchange OK Coin, fell more than 20%.
However, cryptocurrencies traded firmly on Monday, having rebounded from selling driven by the Chinese crackdown as buy-the-dip speculators swooped in. Bitcoin was up about 2.4% in Asia trade at $44,250, having fallen to just below $41,000 in the wake of Friday's announcement of a blanket ban on crypto mining and transactions in China - the most wide-ranging clampdown yet.Reporting by Tom Westbrook in Singapore and Alun John in Hong Kong; Editing by Muralikumar Anantharaman and Jacqueline WongSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
A few hours ago bitcoin retested previous range highs and bounced, but momentum is weakening. 43k is still a valid support, hoping to see btc above 48k this coming week I’ve been following & taking 10Ethbtc tweets and every single tips seriously I’ve been doing superb
horrible
That's awesome...