Bitcoin’s exchange rate over the past day collapsed by a third against the background of the decision of the authorities of China, the data of the Coindesk resource is evidenced.
At the time of publication, one Bitcoin cost $ 36,846, which means drop in prices by 15.1 percent over the past 24 hours. However, at 16:14 the price was 33,919 dollars, which corresponded to a decrease of 37.2 percent.
May 19 People’s Bank of China (Central Bank of the country) announced the position on the legal status of cryptocurrency. According to the application, any cryptocurrency cannot be used in the country as a means of means.
China is the world leader in terms of mining – creating new units cryptocurrency as a result of issuing remuneration for processing transactions in the system of blockchain with special equipment, as well as the production of equipment for mining.
In this regard, the Beijing position is of a great influence on the global market cryptocurrency, while their turnover is still not legalized in many countries around the world, including Russia. China’s People’s Bank is currently developing a digital yuan who should become an additional form of money – after cash and non-cash.
Another factor that has negatively influenced Bitcoin, has become recent statements by the founder of Tesla and Spacex Ilona Mask. On May 17, he said that Tesla has already sold or preparing to get rid of its assets in cryptocurrencies, the total volume of which was estimated at 1.5 billion dollars.
He did this statement not in direct form, responding to the post of one of Twitter users who wrote that bitcoins will be disappointed with such a decision of Tesla. “In fact,” Mask responded. However, even such a hint turned out to be quite market investors in order to get rid of bitcoins.
These words were contrary to its earlier statements. According to them, Tesla had to keep the cryptocurrency already had. At the same time, the company ceased to take bitcoins as a means of payment of electric vehicles, which was practiced before.
Together with Bitcoin, the course of the second most popular and capitalization of cryptocurrency in the world was also collapsed – Etherium, whose creator Vitalik Biderin was recently recognized as the youngest cryptommallar in the world. The cost of Etherium at the time of publication was $ 2605, which means drop by 22.5 percent over the past day. At 16:14 Moscow time, it was equal to $ 2089, which corresponds to a decrease of 39.6 percent.