{"id":47327,"date":"2021-06-22T15:00:06","date_gmt":"2021-06-22T11:00:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47327"},"modified":"2021-06-22T15:00:09","modified_gmt":"2021-06-22T11:00:09","slug":"bitcoin-makes-up-for-some-of-its-losses-in-asia","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-makes-up-for-some-of-its-losses-in-asia\/06\/22\/market-updates\/","title":{"rendered":"Bitcoin Makes up For Some of Its Losses in Asia"},"content":{"rendered":"\n<p>Bitcoin recouped some of its losses on Tuesday, a day after hitting a two-week low after the People&#8217;s Bank of China (the central bank) confirmed its crackdown on cryptocurrencies in the country and its restriction of its circulation channels among the population.<\/p>\n\n\n\n<p>The world&#8217;s largest cryptocurrency was last up 3% to $32,600, after dropping more than 10% on Monday. Ether, the second-largest cryptocurrency, also rose 2.8% to $ 1940, after hitting its lowest level in five weeks yesterday.<\/p>\n\n\n\n<p>The massive sell-off began yesterday after the central bank announced it was recalling China&#8217;s largest banks and payment firms, urging them to crack down on cryptocurrency trading.<\/p>\n\n\n\n<p>Today&#8217;s price action suggests that some traders based in Asia were trying to take advantage of the heavy selling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin recouped some of its losses on Tuesday, a day after hitting a two-week low after the People&#8217;s Bank of China (the central bank) confirmed its crackdown on cryptocurrencies in the country and its restriction of its circulation channels among the population. The world&#8217;s largest cryptocurrency was last up 3% to $32,600, after dropping more &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904],"class_list":["post-47327","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=47327"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47327\/revisions"}],"predecessor-version":[{"id":47328,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47327\/revisions\/47328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31837"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=47327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}