For the past few months, the cryptocurrency market has been in free collapse. Now, China has re-entered the war, claiming in Economic Daily, an official magazine, that the value of Bitcoin (BTC) is "on its way to zero."
As major virtual currencies suffered steep losses during the past 24 hours, the cryptocurrency market capitalization fell below the $2 trillion barrier
A critical investment case for bitcoin is weakening, as global instability and increasing inflation continue to wreak havoc on cryptocurrency prices.