CHINA JUST CRASHED BITCOIN (CRYPTOCURRENCY HODLERS BE WARNED)

Bitcoin and other cryptocurrencies have been on a wild ride over the last few weeks. After hitting record highs late last month, prices have plunged to levels not seen since the beginning of the year.

The recent selloff appears to have been triggered by a number of factors, including increased regulations in China and the US, as well as a flurry of negative news regarding cryptocurrency hacks and scams.

What’s more, reports suggest that China is planning to crack down on the cryptocurrency sector even further. This could include a ban on cryptocurrency trading, as well as restrictions on mining activities.

These measures could have a major impact on the cryptocurrency sector, as China is one of the world’s largest markets for digital assets.

Crypto investors have been warned to be cautious in light of the recent developments. Many have been burned in the past, and it looks like the roller coaster ride isn’t over yet.

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