Musk's platform is not effective, and cryptocurrencies fall again: Ethereum falls below $2,000 « Naijatechnews

Musk’s platform is not effective, and cryptocurrencies fall again: Ethereum falls below $2,000


The cryptocurrency market continued its downward trend today. Ethereum plummeted by 13% in the day and fell below the $2,000 mark, setting a new low since May 19. In addition, Bitcoin is now down 7% to $35,000, Litecoin is down about 15%, and Dogecoin is nearly 10%.

Musk's platform is not effective, and cryptocurrencies fall again: Ethereum falls below ,000
Elon Musk, Source: BBC

As of press time, CoinMarket’s quotation is as follows:

Musk's platform is not effective, and cryptocurrencies fall again: Ethereum falls below ,000

It is worth mentioning that a screenshot of the chat of “Huobi Mall Customer Service” circulated on the Internet today. The screenshot stated that “In order to comply with China’s latest industry regulatory policies, the mall has decided to suspend the provision of mining machines and derivative services for users in mainland China. Users who have purchased BTC mining machine products (including “mining machine + custody”, “one-stop” and “worry-free mining” will suspend the provision of mining machine custody services, and the machine will be powered off from today (23rd).

According to the Science and Technology Innovation Board Daily, the public relations staff of Huobi said in response: “Since this year, the globalization of the mining machine mall business has been accelerating. In order to concentrate on expanding overseas business, the mining machine mall has decided to suspend its service as users in mainland China Provide related services. The solution of the mining machine held by the old user will be notified to the customer later.”

Naijatechnews has learned that Bitcoin has been volatile since it hit a historical high of $64,785.95 on April 14, but it has been falling since May 10, when it approached a high of $60,000. The current market value is 64.613 billion, which has now dropped by approximately $30,000.

Musk's platform is not effective, and cryptocurrencies fall again: Ethereum falls below ,000

It is worth mentioning that Musk issued an article yesterday: In the battle between fiat currency and cryptocurrency, he supports cryptocurrency. Arouse the attention of the whole world.

Musk's platform is not effective, and cryptocurrencies fall again: Ethereum falls below ,000

Reminder : Investment is risky, and you need to be cautious when entering the market. Digital currency investment has greater risks and unpredictability, and this article does not constitute any form of investment encouragement and advice.

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