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Already down hard from records set this year, bitcoin and other digital currencies sold off sharply last week after Chinese authorities renewed pressure on the Hace 17 horas Bitcoin (BTC) and Ethereum (ETH) dropped 1% and 2.5%, respectively, on Friday following President Donald Trump's statement that China violated its trade agreement As per a recent report published by the Chinese nations news portal, Economic Daily, “Bitcoin was nothing more than a string of digital codes.” The platform told Hace 17 horas The renewed tensions between China and the U.S. put pressure on crypto prices on Friday. Bitcoin has tumbled to a weekly low $103,900, after hitting an all-time high of $111,800 just eight days ago. In May of 2025, China shocked the cryptocurrency world with its blanket ban on all cryptocurrency transactions and mining. This move caused Bitcoin to crash by over 30% in one day. The ban China may adjust its crypto policies, balancing de-dollarization efforts with its long-standing anti-crypto stance. A recent Cambridge report confirms that the United States Hace 1 día Altcoins Slide Sharply After China Crypto News, XRP and Solana Lead Losses. Altcoins followed Bitcoin’s decline after the China crypto ban report, with major tokens posting

China Piles Pressure on Bitcoin with Recent Remark: What\'s Happening?

The volatile world of cryptocurrency has been shaken once again, this time by renewed pressure from China on Bitcoin and other digital currencies. Recent developments have left investors wondering about the future of crypto in the face of Beijing\'s stance.

Bitcoin and Ethereum Drop Following Renewed China Scrutiny

Already down hard from records set this year, bitcoin and other digital currencies sold off sharply last week after Chinese authorities renewed pressure. Hace 17 horas Bitcoin (BTC) and Ethereum (ETH) dropped 1% and 2.5%, respectively, on Friday following President Donald Trump\'s statement that China violated its trade agreement. The renewed tensions between China and the U.S. put pressure on crypto prices on Friday. Bitcoin has tumbled to a weekly low $103,900, after hitting an all-time high of $111,800 just eight days ago.

"Nothing More Than a String of Digital Codes?"

As per a recent report published by the Chinese nations news portal, Economic Daily, “Bitcoin was nothing more than a string of digital codes.” The platform told Hace 17 horas. This statement, while seemingly dismissive, underscores the underlying sentiment towards cryptocurrency within China\'s governing bodies.

Flashback: The May 2025 Crypto Ban

Remember the shockwaves of May 2025? China shocked the cryptocurrency world with its blanket ban on all cryptocurrency transactions and mining. This move caused Bitcoin to crash by over 30% in one day. The ban sent ripples throughout the crypto market, highlighting China\'s significant influence.

Altcoins Feeling the Heat

It\'s not just Bitcoin. Altcoins Slide Sharply After China Crypto News, XRP and Solana Lead Losses. Altcoins followed Bitcoin’s decline after the China crypto ban report, with major tokens posting significant losses.

What\'s Next? De-dollarization vs. Anti-Crypto Stance

The big question remains: China may adjust its crypto policies, balancing de-dollarization efforts with its long-standing anti-crypto stance. A recent Cambridge report confirms that the United States is now a major player in the crypto landscape. Will China reconsider its approach, or will it continue to exert pressure on the market?

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