NEW YORK: Bitcoin investment products and funds posted their sixth consecutive week of outflows, according to data on Monday from digital asset manager CoinShares as a crackdown in China spooked investors.
"Bitcoin's six-week run of outflows has been driven by the combination of environmental concerns and an increasingly antagonistic regulatory environment in China," said Matt Weller, global head of market research at Forex.com Bitcoin on Monday hit a two-week low of US$31,700, undermined by China's expanding crackdown on bitcoin mining. Authorities in the southwest province of Sichuan ordered cryptocurrency mining projects closed in the major mining center.Bitcoin has lost over 20per cent in the last six days and is down by half from its April peak of almost US$65,000.
Continue to climb up, pretty soon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore detects 11 new COVID-19 cases; 9 in the communityThe Ministry of Health (MOH) on Sunday (20 June) confirmed the detection of 11 new cases of COVID-19 infection in Singapore, taking the country's total case count to 62,414.
Source: YahooSG - 🏆 3. / 71 Read more »
9 community infections, including 5 unlinked, among 11 new Covid-19 cases in SingaporeSINGAPORE — Singapore reported nine new Covid-19 community cases on Sunday (June 20), five of which have not been traced to any previously reported infections.
Source: TODAYonline - 🏆 1. / 99 Read more »
9 new community COVID-19 cases in Singapore, including 5 unlinked infectionsSINGAPORE: Singapore reported nine new COVID-19 cases in the community as of noon on Sunday (Jun 20), including five with no links to previous cases.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
West hits Belarus with new sanctions over Ryanair 'piracy'Western powers hit Belarus with a wave of new sanctions on Monday (Jun 21) in a coordinated response to Minsk's forced landing of a Ryanair plane ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
2 new Bukit Merah View clusters added as market grows to 78 casesThe Ministry of Health (MOH) on Monday (21 June) confirmed 16 new COVID-19 cases in Singapore, taking the country's total case count to 62,430, as well as its 35th related fatality.
Source: YahooSG - 🏆 3. / 71 Read more »
Netizens Are Really Concerned After Seeing This New Photo Of Julian Cheung’s 14-Year-Old Son
Source: TODAYonline - 🏆 1. / 99 Read more »