After surging past US$60,000 in April, bitcoin’s price has fallen by more 40 per cent in two months. Photo: TNS After surging past US$60,000 in April, bitcoin’s price has fallen by more 40 per cent in two months. Photo: TNS
After surging past US$60,000 in April, bitcoin’s price has fallen by more 40 per cent in two months. Photo: TNS
Bitcoin

Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability

  • Transaction fees fell by 93 per cent and trading volumes by nearly half since all-time highs in April and May, respectively
  • An ongoing cryptocurrency crackdown in China has pushed down bitcoin prices by more than 40 per cent, and there are no signs Beijing will let up soon

Topic |   Bitcoin
After surging past US$60,000 in April, bitcoin’s price has fallen by more 40 per cent in two months. Photo: TNS After surging past US$60,000 in April, bitcoin’s price has fallen by more 40 per cent in two months. Photo: TNS
After surging past US$60,000 in April, bitcoin’s price has fallen by more 40 per cent in two months. Photo: TNS
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