🚨 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.

#ChinaCryptoBan #BitcoinCrash #EthereumDrop #CryptoNews #DigitalYuanPush