Bitcoin’s price continues to decline on the background of negative news from China.
On Sunday, the price of bitcoin fell to $ 31.6 thousand, over the past day the first cryptocurrency fell by 17%. From a historic maximum of $ 64.8 thousand, established in April of the current year, the cryptocurrency fell by half. Capitalization of an asset has decreased to $ 614 billion, according to CoingEcko.
The last wave of Bitcoin’s decline began last Friday after the Deputy Prime Minister of the State Council of the People’s Republic of China Liu He called on to tighten the regulation of mining and cryptotrading in the country. The statement did not have guidance on making specific measures.
Bitcoin’s price is approaching a local minimum of $ 30 thousand, established on May 19. Then the cost of cryptocurrencies per day fell by a third after China banned financial companies to provide services related to digital assets.