The altcoin price dropped to a low since April 23 at $ 0.16. This happened against the backdrop of a sharp decline in bitcoin quotes
On the night of June 22, the Dogecoin rate fell to $ 0.16, the lowest since April 23. During the day, the price of the cryptocurrency decreased by 43%. As of 9:40 am Moscow time, the altcoin is trading at $ 0.20, over the past day it has fallen in price by 22%. In early May, the asset reached an all-time high of $ 0.73; since then, its quotes have dropped by almost 73%.
The last decline in the Dogecoin rate occurred against the backdrop of another drop in bitcoin quotes. Tonight, they decreased by almost 10%, to $ 31 thousand. Now the cost of the first cryptocurrency is $ 32.6 thousand.
Digital assets are losing value after negative news from China. The People's Bank of China (PBOC) has ordered local financial institutions, including banks and the Alipay payment system, not to engage in cryptocurrency transactions. At the same time, over the past two weeks, four provinces have introduced a mining ban: Sichuan, Yunnan, Qinghai and Xinjiang.