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Why is crypto down today? Cryptocurrency market crash, China ban - prices of Bitcoin, Shiba Inu, Ethereum
China makes all crypto currency transactions illegal after ordering shut down of Bitcoin mining in Sichuan province
By Matt Brooks
Friday, 22nd October 2021, 2:57 pm
Cryptocurrency market is down 1.99% on the last 24 hours (4.30pm, Thursday 21 October).
After a year of gains and record highs, crypto currencies are enduring a turbulent time with unpredictable price changes.
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Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.
Bitcoin (BTC) -4.90% (£45,601.00)
Ethereum (ETH) +1.35% (£2,930.49)
Binance Coin (BNB) -4.45% (£342.45)
Cardano (ADA) -0.37% (£1.57)
Tether (USDT) +0.22% (£0.72)
Solana (SOL) +8.05% (£130.70)
Dogecoin (DOGE) -2.42% (£0.18)