The bitcoin exchange rate fell by 7% in half an hour

The cost of the first cryptocurrency again fell below $32.3 thousand. The asset has updated the price minimum since June 8.
The Dogecoin rate in this regard fell by 43% per day.

The value of bitcoin began to actively decline after negative news from China, where the authorities of Sichuan Province, a major center for the production of cryptocurrency, banned mining. The new rules primarily affected the 26 mining companies that were officially operating in the region. By June 20, they had cut off their electricity supply.


Does it mean that the crypto market is rapidly falling and will no longer be able to rise?