Cross-chain bridge equipped altcoins rally higher despite China’s
![Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban](https://d1-invdn-com.investing.com/content/pice66b76fb017deaf4a6a037036bdf719d.jpg)
Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban
The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of (BTC) from $45,000 to $42,000.
After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in the day.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Cross-chain bridge equipped altcoins rally higher despite China’s