Saturday, September 13, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Cryptocurrency

Bitcoin falls below $40,000 as a result of China’s recent crypto curbs, wiping out $270 billion from the cryptocurrency market

Tech Gist Africa by Tech Gist Africa
05/21/2021
in Cryptocurrency, Digital payments, Payment, World News
0 0
0
bitcoin cryptocurrency tech news africa

bitcoin cryptocurrency tech news africa

0
SHARES
Share on FacebookShare on Twitter

After China placed new restrictions on cryptocurrency transactions, Bitcoin fell below $40,000, knocking down the prices of other digital coins.

Bitcoin, the most well-known cryptocurrency, had already been weakened by some twitter posts from Tesla CEO Elon Musk, but the news from China pushed it down to $38,514, a 9% drop.

Musk’s turnaround on Tesla accepting bitcoin as payment caused cryptocurrency declines last week.

Chinese banking and payment industry bodies have released a statement cautioning financial institutions against engaging in virtual currency-related activities such as trading or exchanging fiat currency for cryptocurrency.

Ether dropped 16% to $2,960.29.

Dogecoin, also dropped 16% to $0.4189.

The cryptocurrency market had lost approximately $270 billion in value in just 24 hours.

 

Read more on Tech Gist Africa:

Tesla will no longer allow Bitcoin as a form of payment

Over $200 billion has been wiped from the cryptocurrency market in a single day, as bitcoin falls below $50,000 amid fears of a tax increase

The Market Capitalization of Cryptocurrency has surpassed $2 trillion for the first time, as Ethereum reaches new highs

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

iPhone 17
Gadgets

Apple’s “Awe-Dropping” Event: iPhone 17 Lineup, Ultra-Slim Air, New Watches + More Unveiled

by Tech Gist Africa
09/12/2025
0

At its latest hardware event on September 9, 2025, Apple pulled back the curtain on a suite of new devices...

Read more
Larry Ellison

Oracle’s Larry Ellison Overtakes Elon Musk After $101B One-Day Surge to Become World’s Richest

09/11/2025
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Regulatory Tech Africa

EU Court Tells Regulators: Rethink How You Charge Big Tech, Meta & TikTok Win Key Ruling

09/11/2025
Oracle

OpenAI and Oracle Forge $300 Billion Cloud Computing Alliance to Propel AI Innovation

09/11/2025
Next Post
Africa startup entrepreneurshipAfrica startup entrepreneurship

Village Capital has announced the 23 early-stage startups that have been selected to participate in Future of Work Africa 2021

Seedstars World Competition 2021

Malaysian FinTech startup Finology has been named the Global Winner of the Seedstars World Competition 2020/21, receiving $500K in funding

Funding Africa startup

Ascent, a Kenyan private equity firm, has closed a $100 million fund for East African SME investments

No Result
View All Result

The Big 5

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.