🤔Why is the crypto market down today❓Here’s the explanation❗❗

The Chinese government has gone beyond banning cryptocurrency trading and mining—they have now prohibited individual ownership of digital assets such as Bitcoin. On Friday, the crypto market saw a sharp drop, losing $61 billion in total market capitalization, partly due to China’s newly imposed restrictions on private crypto holdings.

According to a report by Binance, China has introduced a fresh ban on cryptocurrency ownership. Despite these setbacks, analysts from InvestX, a crypto and finance news platform, believe the selling pressure will likely ease soon.

#CryptoCrash #ChinaCryptoBan #MarketUpdate #DigitalAssets #CEXvsDEX101