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After the Crash, Today’s Cs Bitcoin Price Rises Again!

Jakarta, CNBC Indonesia The prices of three major crypto assets moved stronger in trading this morning. After crash which causes the price to fall, the demand increases again.

On Saturday (22/5/2021) at 09:15 WIB, here are the price developments for the three main cryptocurrencies, namely bitcoin, ethereum, and ripple:

Sumber: Refinitiv-

This week, bad news is arriving in the crypto universe. The Chinese government on Friday local time confirmed it would double its efforts to prevent speculation and financial risks caused by bitcoin mining and trading activities.

China’s Financial Stability and Development Committee, chaired by Prime Minister Liu He, stated that bitcoin must be strictly regulated. This agency said it would eradicate all forms of bitcoin mining and trading activities.

“Bitcoin is not an investment tool. It is an instrument of speculation,” said China’s state television broadcast, CCTV.

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