We are not already at what could be called a “black Wednesday” for cryptocurrencies but we are probably close enough. The cina has in fact decided to prohibit financial institutions and payment companies from providing services relating to transactions in cryptocurrency and conversion of fiat currencies into digital currencies. Bitcoin lost about 10.% by touching the minimum value from 9 February last, ether fell by more than 15% and dogecoin by almost 18%.

A statement that, in fact, burned alone over 300 billion from the market capitalization and cost the same musk a loss of approximately 24% of its assets compared to last January.