Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions

Benzinga2021-06-21

What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.

The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.

The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.

ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”

Why It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.

Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.

According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.

According to some accounts, ACB may have deleted the notice soon after posting it.

Price Action: At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.

The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Maxangelos
2021-06-21
Maxangelos
Hope all goes well!
Janenkea
2021-06-21
Janenkea
😢
nAonkA
2021-06-21
nAonkA
Ok
Takiho
2021-06-21
Takiho
Sure to down
xiaolongbao
2021-06-21
xiaolongbao
Oops
NanLin
2021-06-21
NanLin
N

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The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":null,"article_id":"1158262499","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158262499","pubTimestamp":1624265726,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"translate_title":"比特币跌至3.3万美元，中国第三大银行禁止用户密码交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9,"GBTC":0.9},"content_text":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.\nThe Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.\nThe statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.\nABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”\nWhy It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.\nMost large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.\nAccording to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.\nAccording to some accounts, ACB may have deleted the notice soon after posting it.\nPrice Action: At press time, Bitcoin was trading at $32,931. 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The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-21 16:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262499","content_text":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.\nThe Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.\nThe statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.\nABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”\nWhy It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.\nMost large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.\nAccording to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.\nAccording to some accounts, ACB may have deleted the notice soon after posting it.\nPrice Action: At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.\nThe 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167511610,"gmtCreate":1624276651330,"gmtModify":1634008558890,"author":{"id":"3574751332519170","authorId":"3574751332519170","name":"Janenkea","avatar":"https://static.tigerbbs.com/328bf689e0e4be71a26c7d798d76b511","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574751332519170","authorIdStr":"3574751332519170"},"htmlText":"😢","listText":"😢","text":"😢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167511610","repostId":1158262499,"repostType":4,"repost":{"id":"1158262499","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624265726,"share":"https://ttm.financial/m/news/1158262499?lang=&edition=full","pubTime":"2021-06-21 16:55","market":"us","language":"en","title":"Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions","url":"https://stock-news.laohu8.com/highlight/detail?id=1158262499","media":"Benzinga","summary":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would","content":"<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-21 16:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262499","content_text":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.\nThe Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.\nThe statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.\nABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”\nWhy It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.\nMost large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.\nAccording to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.\nAccording to some accounts, ACB may have deleted the notice soon after posting it.\nPrice Action: At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.\nThe 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167530028,"gmtCreate":1624275699164,"gmtModify":1634008569621,"author":{"id":"3567471451546980","authorId":"3567471451546980","name":"nAonkA","avatar":"https://static.tigerbbs.com/2c5905f2cf61636f82bdd3d58203997c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567471451546980","authorIdStr":"3567471451546980"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167530028","repostId":1158262499,"repostType":4,"repost":{"id":"1158262499","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624265726,"share":"https://ttm.financial/m/news/1158262499?lang=&edition=full","pubTime":"2021-06-21 16:55","market":"us","language":"en","title":"Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions","url":"https://stock-news.laohu8.com/highlight/detail?id=1158262499","media":"Benzinga","summary":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would","content":"<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-21 16:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262499","content_text":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.\nThe Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.\nThe statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.\nABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”\nWhy It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.\nMost large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.\nAccording to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.\nAccording to some accounts, ACB may have deleted the notice soon after posting it.\nPrice Action: At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.\nThe 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167259451,"gmtCreate":1624272806973,"gmtModify":1634008608983,"author":{"id":"3586588423230446","authorId":"3586588423230446","name":"Takiho","avatar":"https://static.tigerbbs.com/9c71ba836ffdebd7c9d6c75d4b188cd8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3586588423230446","authorIdStr":"3586588423230446"},"htmlText":"Sure to down&nbsp;","listText":"Sure to down&nbsp;","text":"Sure to down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167259451","repostId":1158262499,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167296045,"gmtCreate":1624268902487,"gmtModify":1634008651363,"author":{"id":"3584655686177425","authorId":"3584655686177425","name":"xiaolongbao","avatar":"https://static.tigerbbs.com/b38a1ec227a71dd1e19c0595e8a2073e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3584655686177425","authorIdStr":"3584655686177425"},"htmlText":"Oops","listText":"Oops","text":"Oops","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167296045","repostId":1158262499,"repostType":4,"repost":{"id":"1158262499","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624265726,"share":"https://ttm.financial/m/news/1158262499?lang=&edition=full","pubTime":"2021-06-21 16:55","market":"us","language":"en","title":"Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions","url":"https://stock-news.laohu8.com/highlight/detail?id=1158262499","media":"Benzinga","summary":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would","content":"<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-21 16:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262499","content_text":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.\nThe Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.\nThe statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.\nABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”\nWhy It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.\nMost large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.\nAccording to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.\nAccording to some accounts, ACB may have deleted the notice soon after posting it.\nPrice Action: At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.\nThe 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167204569,"gmtCreate":1624268503351,"gmtModify":1634008655667,"author":{"id":"3565938632622176","authorId":"3565938632622176","name":"NanLin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3565938632622176","authorIdStr":"3565938632622176"},"htmlText":"N","listText":"N","text":"N","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167204569","repostId":1158262499,"repostType":4,"repost":{"id":"1158262499","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624265726,"share":"https://ttm.financial/m/news/1158262499?lang=&edition=full","pubTime":"2021-06-21 16:55","market":"us","language":"en","title":"Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions","url":"https://stock-news.laohu8.com/highlight/detail?id=1158262499","media":"Benzinga","summary":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would","content":"<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Drops To $33,000 As China's Third-Largest Bank Bans Users From Crypto Transactions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-21 16:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>What Happened: Bitcoin</b>(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.</p>\n<p>The Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.</p>\n<p>The statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.</p>\n<p><img src=\"https://static.tigerbbs.com/8361d8f08a64cfdd2960852b5e8d1e5d\" tg-width=\"565\" tg-height=\"566\" referrerpolicy=\"no-referrer\">ABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”</p>\n<p><b>Why It Matters:</b>&nbsp;The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.</p>\n<p>Most large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.</p>\n<p>According to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.</p>\n<p>According to some accounts, ACB may have deleted the notice soon after posting it.</p>\n<p><img src=\"https://static.tigerbbs.com/a30866b98597cc49cd090415d04207e2\" tg-width=\"536\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/00d37ab2114f2eda752abdc8c5fa29c9\" tg-width=\"537\" tg-height=\"531\" referrerpolicy=\"no-referrer\"><b>Price Action:</b>&nbsp;At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.</p>\n<p>The 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262499","content_text":"What Happened: Bitcoin(CRYPTO: BTC) fell by over 8% after news that China’s third-largest bank would begin suspending customer accounts associated with cryptocurrency transactions.\nThe Agricultural Bank of China (ABC), one of the “big four” banks in the country, issued astatementon Monday, saying that it prohibits the use of its services for virtual currency transactions such as Bitcoin.\nThe statement also emphasized that once relevant behaviors are discovered, customer accounts will be terminated and reported to the relevant authorities in a timely manner.\nABC reportedly consulted with relevant departments of the People’s Bank of China before issuing the statement, saying that it will continue to “carry out the crackdown on virtual currency transactions.”\nWhy It Matters: The bank’s statement comes as the latest move in a series of measures enforced over the weekend, demonstrating the Chinese government’s efforts to clamp down on cryptocurrency-related businesses.\nMost large Bitcoin mining farms in Sichuan wereforciblyshut down by authorities over the weekend, leading to a significant drop in the hash rate on the Bitcoin network.\nAccording to areport, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau closed 26 suspected crypto mining projects on Sunday.\nAccording to some accounts, ACB may have deleted the notice soon after posting it.\nPrice Action: At press time, Bitcoin was trading at $32,931. The market-leading cryptocurrency saw a 45% increase in 24-hour trading volume, which stood at $42 billion at the time of writing.\nThe 50-day moving average has fallen below the 200-day moving average, confirming a Death Crossscenariofor the digital asset.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":44,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.34.2","shortVersion":"4.34.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1158262499"}