Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks Bitcoin price drop to $42K

Cointelegraph

Published Sep 24, 2021 06:14AM ET

Updated Sep 25, 2021 08:20AM ET

Bitcoin (BTC) suddenly lost $2,000 in an hour on Sept. 24 as what appeared to be old news over a Chinese regulatory ban hit social media.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it abruptly fell from $45,000 to near $42,000.

ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView

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