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Why bitcoin crashed further
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[QUOTE="Lens1000, post: 120076, member: 37726"] The environmental impact of cryptos has been a source of much concern lately and Tesla (TSLA) boss Elon Musk also sparked a sell-off after saying the electric carmaker was abandoning plans to accept bitcoin as payment due to environmental concerns. A sell-off in the crypto market has continued into the weekend, with the world's two biggest tokens, bitcoin (BTC-USD) and ethereum (ETH-USD), both declining further as China's crackdown gathers pace. China extended the clampdown on the bitcoin mining industry to its biggest bitcoin producing provinces, including the southwest province of Sichuan. Officials in Sichuan ordered cryptocurrency mining projects to close in the major mining centre, putting more pressure on one of the world's most vital markets for trading and mining digital currencies. These as further caused a dip in the price of bitcoi What do you think is the way out? [/QUOTE]
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