The bitcoin rate per day on June 22 fell by 8.10%, to $ 29,786.18 as of 16:18 Moscow time, according to data from the Coinmarketcap portal, which analyzes information from the largest cryptocurrency exchanges. Over the week, the cryptocurrency has collapsed by 26.36%.
Bitcoin fell most rapidly on the morning of June 21. Then it collapsed by 7% in half an hour, to a minimum since June 8 ($ 32.2 thousand)
Ethereum, the second largest cryptocurrency in terms of capitalization, also fell in price. As of 16:22 Moscow time per day, it fell to $ 1,772.24 (by 9.60%), and over the week – by 30.79%.
The collapse of cryptocurrencies occurred after the authorities of the Chinese province of Sichuan, a major center for the extraction of cryptocurrencies, banned mining. By June 20, 26 mining companies were cut off from the power supply. Mining in the first half of this month has already been banned in three more regions of the PRC: Yunnan, Qinghai and Xinjiang.
Large miners, including BTC.TOP and HashCow, began to leave China before the official mining ban at the end of last month. Then, in May, Vice Premier of the State Council of the People’s Republic of China Liu He announced the need to tighten requirements for the mining and trading of cryptocurrencies.
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