A woman shows a stock graph on her smartphone, with the price of bitcoin in relation to the US dollar in San Salvador, El Salvador, on July 13, 2022. Photo: Reuters
A woman shows a stock graph on her smartphone, with the price of bitcoin in relation to the US dollar in San Salvador, El Salvador, on July 13, 2022. Photo: Reuters

Bitcoin market meltdown prompts fresh warning in China that value of world’s leading cryptocurrency could fall to zero

  • State-run newspaper Economic Daily said investors should beware the risk of bitcoin prices ‘heading to zero’ amid the top cryptocurrency’s latest decline
  • The warning reflects Beijing’s firm stance against all cryptocurrency activities that the government has outlawed – including trading, fundraising and mining

A woman shows a stock graph on her smartphone, with the price of bitcoin in relation to the US dollar in San Salvador, El Salvador, on July 13, 2022. Photo: Reuters
A woman shows a stock graph on her smartphone, with the price of bitcoin in relation to the US dollar in San Salvador, El Salvador, on July 13, 2022. Photo: Reuters
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