Over the past day, the cryptocurrency market collapsed, and the fall of some assets was 10-20%. The main reason for this was the restrictions on mining in China, one of the world's centers for generating digital currencies. The most popular cryptocurrency, Bitcoin, fell to $31,511 thousand, having lost more than 11% of its value. Ethereum has fallen in price by 8%, to $1,948 thousand. Dogecoin fell more than the rest – by 23% to $ 0.2. The fall began after the authorities in China's Sichuan province, one of China's mining centers, cut power to 26 mining companies in mid-June. Traders fear China will continue to tighten mining conditions.
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date: 2025-06-25 10:53:57 IP: 216.73.216.22
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