Article preview: Cryptocurrency valuations plummeted this weekend in their most significant one-day fall since February. The fall in prices, including a 15% loss for Bitcoin, seems to be correlated with reports in the US that the Treasury plans to take on financial institutions involved in money laundering using digital currencies. Another contributor to the fall in cryptocurrency prices was a blackout in the Xinjiang region of China. This part of the world is responsible for a considerable amount of Bitcoin mining, where new digital coins are created.
Why cryptocurrency prices took a tumble this weekend
This 394-word blog post looks at some of the factors behind the sharp fall in cryptocurrency prices this weekend. Written on 18th April 2021.
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