In an ongoing onslaught on the once-booming Chinese cryptocurrency industry, China’s Guangzhou Development District government has prohibited all physical venues from hosting digital currency-related promotions or events. Guangzhou Development District, which is one of China’s special economic zones, reportedly issued a circular to all local business on August 24 outlawing them from hosting any crypto-related activities. The new ban is meant to help “maintain the security and stability of the financial system,” the circular read.
IOTA Price: Onslaught Continues While Other Markets Begin to Recover
Today will prove to be another interesting day for Bitcoin and all other cryptocurrencies. Although there is still a lot of bearish and sideways momentum in play, things may finally start to turn around. For some unknown reason, the IOTA price is still getting battered, as it continues to dip lower every single day.
IOTA Price Can’t Catch a Break
Even though the year 2018 hasn’t been a good one for most cryptocurrencies, it seems some currencies are still getting battered much harder than they really should. In the case of the IOTA price, the overall negative pressure continues to mount, even though most other markets are going through as all recovery process as of right now. This conflicting market momentum raises a lot of questions which aren’t easy to answer.
TRON Price: Onslaught Drives Price Below $0.4 in Quick Succession
The expected bearish pressure is hitting all cryptocurrency markets once again. Bitcoin is on the verge of dropping below $ 6,100 again, and all other currencies are taking a similar approach. It would appear the TRON price has taken a major beating again, even though it seems the worst may be yet to come.
TRON Price is Fighting for Stability
It has become more than apparent 2018 will not be the year of cryptocurrency except for the wrong reasons. As of right now, the industry looks ill and is bleeding value all over the floor. Fighting this trend is proving to be extremely difficult, as there nothing happening to warrant even the slightest of increases right now. More importantly, any small increase is pushed down immediately, which doesn’t bode well.
XRP Price Seeks Stability at $0.75 After Overnight Onslaught
The cryptocurrency markets do not look to be in great shape as of right now. All top currencies have seen a massive dip in the past two days, although the momentum may finally turn in favor of Bitcoin and consorts once again. With the XRP price fighting for control over $ 0.75 as of right now, an interesting trend is beginning to form.
NEO Price Drops Below $70 as Market Onslaught Continues
Albeit there was some initial excitement in the cryptocurrency markets this morning, it seems the momentum has shifted once again. As of right now, all of the top 15 markets are in the red once again, with some currencies even noting rather spectacular losses. Anyone keeping an eye on the NEO price right now will not be too happy with how things are going.