Let’s dive directly into the topic

Bitcoin on May 19 declined almost 30 percent to $31,000, wiping out more than $500 billion in value from the coin’s peak market value.

According to reports, another cryptocurrency Ethereum also tanked more than 40 percent whereas Bitcoin fell about 9 percent to as low as $38,940 and slipped below a key 200-day moving average.

The Decline in the two most Traded Crypto-currencies almost lie in 2 reasons-

China’s announcement on Tuesday that it is banning financial institutions and payment companies from providing services related to cryptocurrency transactions.

Also, cryptocurrencies were sparked last week…

Ram Potabatti

Ambitious and driven.

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