Two of the largest crypto exchanges said they have stopped registering new users from mainland China on the back of ban.
China has declared all crypto-related transactions illicit, in toughest blow yet to the crypto industry.
Bitcoin got caught in market fears about possible contagion if Chinese property developer Evergrande sees debt default.
Is El Salvador’s adoption of Bitcoin just a distraction from the president?
Angry demonstrations, technological glitches, and a dip in the cryptocurrency clouded the rollout in El Salvador.
El Salvador’s crypto launch had a rocky start due to technical issues with its digital wallet that were later resolved.
El Salvador is the first country to adopt Bitcoin as legal tender.
Solana’s SOL token has tripled in about three weeks.
Popularity of the digital currency has grown in Cuba, in part because of restrictions on remittances from the US.
The largest cryptocurrency fell as much as 4.9 percent Thursday to $46,322.
Central American countries may adopt Bitcoin if the cryptcocurrency cuts costs substantially for El Salvador.