Pandemonium as extreme fear grips crypto market

???? BTC | $37,463 (-5,416, -13%)

???? ETH | $2,478 (-900, -26%)

???? XRP | $1.08 (-0.54, -33%)

???? LTC | $191 (-104, -35%)

Bitcoin flash-crashed to as low as exactly $30K yesterday, marking the fifth straight day of declines for Bitcoin its worst month in 3 years.

ARK Invest’s Cathie Wood highlighted that the use of renewable energy in Bitcoin mining is likely to accelerate significantly. This comes as New York has just halted the ongoing migration of Bitcoin miners into the state over concerns on its environmental impact.

China’s crypto ban announced earlier this week has been widely attributed as a major reason for Bitcoin’s plunge. However, the announcement was simply a re-iteration of a ban implemented in 2013 and 2017, and had no new restrictions in it.