- The prices of bitcoin and other currencies are falling by 25% on China's trading markets
Petcquin and other currencies fell to a 25% drop within hours after rumors by the Chinese government that digital currency exchanges were banned again.
Comments have surfaced on the social media associated with the local media Caixin, suggesting that organizers are seeking to close exchanges as part of the Eco ban imposed earlier this week.
This is a list of the currencies of Echo currencies that have been banned in China
The markets reacted sharply, with Bitcoin losing more than 8% to $ 4200 from $ 4,670, while other currencies fell 15% and others.
The NEO currency, the Chinese Eco Project, was particularly affected by regulatory disturbances, with 25% lost.
While little evidence shows support for a complete ban on trade, even under this possibility, the Chinese authorities repeat the behavior we have seen once in 2017.
The ban on currency exchange continued for several months from January to May, when the new guidelines entered into force, allowing the resumption of trading
As such, the reaction that happened quickly without thinking and which was seen on Friday is already labeled "FUD is fear, uncertainty and uncertainty" by some commentators.
Prices recovered this week after the impact of China's ban fell in record time. From a low of $ 4008 on Monday, Petcown recovered what it lost on landing, only half of it again from the hour it was broadcast.