Cryptocurrency information for Tuesday contains traders asking why crypto is down at the moment and we’ve obtained all the main points.
Let’s soar proper into the most recent cryptocurrency information under!
- One of many largest bits of stories affecting crypto at the moment comes out of China.
- The Nationwide Growth and Reform Fee (NDRC) introduced at the moment that it plans to proceed its restrictions on crypto.
- That features efforts to weed out crypto mining corporations within the nation.
- One of many largest points listed is the vitality consumption that goes into mining cryptocurrency.
- That is at odds with China’s plan to be carbon impartial by the point 2060 rolls round.
- Vitality issues even have Kazakhstan considering additional measures against crypto.
- This might embody further taxes and rules on crypto miners.
- That comes because the nation offers with the additional stress that crypto mining is placing on its vitality grid.
- Whereas staying as regards to infrastructure, the new bill signed into law by President Joe Biden can also be affecting crypto at the moment.
- This regulation contains new definitions for “dealer” that might see additional taxes for crypto merchants.
- That’s a part of an effort by the U.S. Authorities to increase further income by taxing crypto.
- Including to this additional stress on crypto are recent statements from Twitter (NYSE:TWTR) CFO Ned Segal.
- He says that investing in crypto “doesn’t make sense proper now.”
- That’s due to the unstable nature of crypto and Twitter usually prefers to make extra steady investments.
- This cryptocurrency information is shocking contemplating Twitter founder and CEO Jack Dorsey is a fan of crypto.
- All of this information resulted in Bitcoin (CCC:BTC-USD) briefly dipping under $60,000 this morning.
- It’s value noting that when BTC rises or falls, different cryptos usually transfer in sympathy with it.
After all, there’s extra cryptocurrency information value trying into at the moment.
InvestorPlace has all the most recent crypto information that merchants want to find out about. That features what’s taking place with Floki Inu (CCC:FLOKI-USD), Decentraland (CCC:MANA-USD), and VeChain (CCC:VET-USD) at the moment. You may stand up to pace on that information with the next hyperlinks!
Extra Crypto Information for Tuesday
On the date of publication, William White didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2021/11/cryptocurrency-news-why-is-crypto-down-today-17-things-to-know/.
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