The announcement follows a difficult spell for the royal family after both Charles and his daughter-in-law Catherine, revealed that they had cancer
Bitcoin price continued to slide on Tuesday, falling below an important support level of $30,000.
The world’s largest cryptocurrency lost more than 10 per cent on Monday, which was its largest one-day drop in more than a month.
Bitcoin fell to $29,766 at around 5.15pm UAE time, down by nearly 7.42 per cent.
“Bitcoin has violated an important support level and it is likely that we may see more panic in the market as investors will think that it may be the end of Bitcoin. But investors should remember that Bitcoin is a kind of asset which has fought many similar pessimistic views many times,” said Naeem Aslam, chief market analyst at London-based Ava Trade.
“The current sell off could be the opportunity for many investors to load their portfolio with Bitcoin which is selling at a huge discount. Although, it is true that more sell-off can take place and no one knows really where the exact bottom will be. But for now, one thing is for certain, that it is not the time to sell Bitcoin,” said Aslam.
China has asked some banks and payment firms, including China Construction Bank and Alipay, to crack down harder on cryptocurrency trading. China has been tightening its crackdown on cryptocurrencies.
On Friday, authorities in the southwest province of Sichuan ordered Bitcoin mining projects to close.
In May, China's cabinet vowed to clamp down on mining and trading to control financial risks.
Ipek Ozkardeskaya, senior analyst at Swissquote, sees the next support level for Bitcoin is $20,000 after $30,000 level has been broken.
— waheedabbas@khaleejtimes.com
The announcement follows a difficult spell for the royal family after both Charles and his daughter-in-law Catherine, revealed that they had cancer
It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The 18-year-old was taken to hospital in a serious condition
The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
The left-handed batter scored 3369 runs in 136 one-day internationals and 2893 in 140 Twenty20 internationals — both Pakistan records
Food supplies were distributed to 80 households
On January 31, a heart was airlifted from Delhi to Chennai, paving the way for Ayesha Rashid's life-saving surgery
The online retailer, which is headquartered in Singapore, has said it has around 108 million monthly active users in the 27-nation EU