Cryptocurrency rates went down amid rumors about the closure of exchanges in ChinaBitcoin and altcoins are going down, some have lost up to 25%. Events are developing against the backdrop of rumors of a new ban by Chinese regulators, which this time allegedly suspended the activities of exchanges in the country. Cointelegraph writes about it.

Cryptocurrency rates went down amid rumors about the closure of exchanges in China

Bitcoin and altcoin rates are going down, some have lost up to 25%. Events are developing against the backdrop of rumors of a new ban by Chinese regulators, which this time allegedly suspended the activities of exchanges in the country. Writes about it Cointelegraph.

Messages appear on social media citing Chinese news outlet Caixin, according to which regulators have gone beyond the ICO ban, which was introduced earlier this week, and are now closing domestic exchanges..

Markets reacted sharply to this news. Bitcoin has lost 7% and is moving from the $ 4670 mark to the $ 4200 level. Litecoin fell 15%. Other cryptocurrencies show similar dynamics..

So far, no concrete evidence of a complete ban on cryptocurrency trading in China has been published..

Recall that this year, Chinese regulators have already suspended the work of domestic exchanges. The ban was imposed in January and only lifted in May after new requirements for exchanges took effect..

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