Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban
Cointelegraph
Published Sep 24, 2021 01:39PM ET
Updated Sep 24, 2021 03:20PM ET
The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000.
After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in the day.
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Written By: Cointelegraph
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