5 reasons Bitcoin stays below $ 50,000 – CoinDesk

On September 24, the People’s Bank of China (PBoC) released a new statement regarding the illegality of cryptocurrency transactions and mining, adding that now crypto-to-crypto transactions, as well as crypto-to-fiat transactions, are prohibited. This means that virtually all crypto trading related activities are banned in the country for the first time, including buying, selling or trading virtual currencies like bitcoin, ether, and tether.

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