🤯 SHOCKED NEWS FROM CHINA 🤯

🔴 China Bans All Crypto – Summary (June 4, 2025):

🇨🇳 Total Ban: China has banned all cryptocurrency activities, including owning, trading, and mining coins like Bitcoin and Ethereum.

🪙 No Personal Holdings: Even individuals cannot hold crypto anymore—first time this strict.


📉 Market Reactions

The announcement of the ban led to immediate market reactions:

Bitcoin (BTC): The price of Bitcoin experienced a significant drop, falling below key support levels.binance.com

Ethereum (ETH): Ethereum also saw a decline in its value, reflecting broader market concerns.

These movements indicate heightened uncertainty and caution among investors in the wake of China's latest regulatory actions.

📉 Market Crash: The global crypto market dropped sharply after the news.

💴 Push for Digital Yuan: The move supports China’s central bank digital currency (CBDC) strategy.

⚠️ Goal: Control financial risk, stop capital flight, and increase state control over money.