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Crypto Daily Report – September 24

Sep 24, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightSeptember 24, 2021Crypto markets once again suffered an overnight blow from regulatory news out of China, as the PBOC issued a document detailing further crackdown on digital assets in the country. At the time of writing, the overall crypto market is trading 6% lower compared to 24 hours prior, as Bitcoin and Ethereum trade 6% and 9% lower, respectively, over the same period. As referenced above, the PBOC released a new document laying out its intentions for stricter regulatory measures on crypto. The document stated that all fiat-to-crypto and crypto-to-crypto transactions are deemed illegal. While we are witnessing an immediate sell-off, there does appear to be buying support coming online as market participants digest the information. This is not the first time such an announcement has come out of China, as it had enacted similar punitive measures in 2013 and then again in 2017, following the ICO craze.In what might be the most prominent use-case of Bitcoin to date, Twitter released a new product feature yesterday

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