Investing.com – Coinbase (NASDAQ:) fell 5% Thursday as crypto markets sold off with (), the largest of them all in terms of market capitalization, falling below $33,000.
The company, founded in 2012, is the sole listed American entity operating a cryptocurrency exchange.
Most of the cryptocurrencies fell 5% to 10%. , Dogecoin and Polkadot were all down 8.5%. Tether was mostly holding up, down barely 0.07%.
Cryptos have mostly been placid lately after last month’s crackdown by the Chinese authorities. The Chinese have been unrelenting since.
After the authorities there shut down most of the Bitcoin mining capacity in June, China’s central bank on Tuesday warned companies against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency transactions. Till then, China accounted for more than half of global bitcoin production.
Crypto prices haven’t really recovered since, and like some observers have noticed without establishing a correlation, the digital currencies were again trading lower heading into the weekend.
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