This data comes from social media and has not been fully verified by official sources, so it should be taken with caution.
Tushar-trader
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Bullish
🚨 China Bans All Crypto! Bitcoin & Ethereum Crash!
On May 31, 2025, China officially banned all crypto activities — trading, mining, and even personal ownership of coins like Bitcoin ($BTC ) and Ethereum ( $ETH ).
👉 This move is aimed at boosting China’s Digital Yuan and cutting out decentralized currencies completely.
📉 Market Crash: • Bitcoin: Dropped from $111K to ~$104.5K • Ethereum: Also fell sharply • Altcoins: $XRP , Solana, Cardano — all hit • $750M+ in liquidations • Crypto market cap dropped over 10% in 24 hours
⚠️ Why the Ban? 1. Too much energy use (mining) 2. Tighter financial control 3. Illegal money flow concerns 4. Push for Digital Yuan (CBDC)
🌍 Impact: • Panic selling in Asia • Bitcoin mining slowed • Other countries may follow • Market volatility rising
💬 Experts say it’s either a wake-up call or a setback for crypto in Asia — but everyone agrees: this changes everything.
