Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.
A couple of days after announcing that Initial Coin Offerings (ICOs) are seriously disrupted the economic and financial order, the Chinese government banned ICO funding.
That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.
Coin/Investment Trust Change 24H*
Bitcoin (BTC) -9.84%
Ethereum (ETH) -21.74
Litecoin (LTC) -24.92
BitConnect -32.10
I dont see it as a negative just rely on the where it come? remember the media can be bought by the money a single blogger or person who can do it. Just think on it . Wether with or without chinese bitcoins will continue to rise there are so plenty of negative news but no one makes, it only makes the bitcoins price dump and give chance to the whales in the bitcoin world.