Historical Review: Bitcoin Plummeted 31.17% in a Single Day on May 19, 2021

According to BlockBeats, on May 18, 2021, the China Internet Finance Association, the China Banking Association, and the China Payment and Clearing Association jointly issued a notice (on preventing the risks of speculation in virtual currency transactions). Subsequently, Bitcoin plummeted from $43,584 to $30,000 on May 19, a single-day drop of 31.17%.