|Bid||0.0000 x 3100|
|Ask||0.0000 x 21500|
|Day's Range||3.1000 - 3.3150|
|52 Week Range||2.3700 - 14.9500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Popular cryptocurrency Bitcoin (CRYPTO: BTC) continued its slide on Tuesday as a consequence of China's crypto crackdown. Around 10 a.m. EDT, the price of Bitcoin had fallen below $30,000, according to CoinDesk -- its lowest price per coin since January. Naturally, funds that directly hold bitcoins like Grayscale Bitcoin Trust (OTC: GBTC) had also fallen this morning.
China doesn't want its citizens mining cryptocurrencies like Bitcoin (CRYPTO: BTC) anymore, and it ramped up its crackdown efforts over the weekend. Almost every investment that is heavily connected with blockchains and cryptocurrencies also lost ground, including companies like Ebang International Holdings (NASDAQ: EBON), The9 Limited (NASDAQ: NCTY), and Future FinTech Group (NASDAQ: FTFT). The Global Times isn't a completely neutral news source, being supported by China's government.
While Elon Musk dominates the headlines, a quiet change is happening beneath the surface for Bitcoin.