BREAKING: China Bans All Crypto. What Happens Now? BREAKING: China Bans All Crypto. What Happens Now?
Attexul Jun 3 Yep. It happened. China just banned everything crypto. Again. But this time, it’s not just talk — it’s full-on, lights-out, all-systems-shutdown.
Whether you’re holding Bitcoin, Ethereum, or some random meme coin — this news matters. Let’s break it down.
🇨🇳 What Did China Actually Ban? As of May 31st, 2025, China made these moves official:
❌ Crypto trading — completely illegal
❌ Mining? Done.
❌ Even holding crypto? Also banned.
❌ Exchanges? Blocked — local and international
❌ Wallets? Frozen. Surveillance ramped up.
They even said Chinese citizens with crypto outside China could be investigated.
Basically, it’s a crypto wipeout.
📉 What Did the Market Do? Panic? Kind of.
Bitcoin crashed from $111K to under $104K in hours
Ethereum dropped nearly 7%
Exchanges lit up with withdrawals
Stablecoins like USDT pumped in demand
But here’s the plot twist: Some are calling this the perfect buying opportunity. Because when the fear hits hardest —
📢 Pakistan’s Bitcoin Mining Plan Under IMF Scrutiny
IMF has raised serious concerns over Pakistan’s move to allocate 2,000MW electricity for Bitcoin mining and AI data centers — questioning its legality and impact on the national grid. The country is already battling energy shortages, and this unconsulted step has sparked pressure during ongoing financial talks.
Meanwhile, the govt sees it as a tech investment opportunity using surplus power.
🇺🇸 Trump claims China has violated its trade agreement with the US 🇨🇳 In a recent statement, Donald Trump said China has "totally violated" the deal, ending his Mr. Nice Guy approach.
This could spark renewed tensions between the two nations, possibly impacting global markets and trade sentiment.
#TrumpTariffs BREAKING: 🇺🇸 President Trump has delayed the 50% tariffs on the EU until July 9, 2025, following talks with EU leaders. This is bullish for global markets as it reduces short-term trade tension.
Investing.com -- British stocks were higher on Thursday afternoon fueled by investor optimism after a federal court blocked U.S. President Donald Trump’s proposed tariffs targeting key U.S. trade partners.
As of 1147 GMT, the blue-chip index FTSE 100 gained 0.04% and the British pound was mostly flat against the dollar to above 1.34.
Meanwhile, other European indices advanced, with Germany’s DAX index up 0.1% and France’s CAC 40 rising about 0.7%.#TrumpTariffs #TrumpMediaBitcoinTreasury $BTC $ETH $SOL
BTC is currently trading at 101,882 after a bullish weekly close but is now undergoing a short-term correction. If today's daily candle closes below Monday's low, BTC may drop further toward the key demand zone at 97,500–96,000. A bullish reversal from this zone could target a new all-time high around 109.5K, while a break below 93.5K would invalidate the bullish setup.
ETH is trading at 2,549 after retesting its bullish demand zone at 2,490. As long as the 2,475–2,490 zone holds, ETH maintains a bullish structure. A daily close above 2,475 could present a good buying opportunity, with a tight stop-loss at 2,407.$ETH
🇺🇸 BlackRock and Fidelity have collectively purchased over $500 million worth of Ethereum in the past 48 hours, signaling strong institutional interest in ETH