When China banned all cryptocurrency related activities last September, the crypto market was thriving. The devastating shock waves from that decision took a couple of months to hit the market as Bitcoin hit its all-time peak of $67.5k per coin in November. Shortly thereafter its price took a nosedive. Just eight months later Bitcoins are going for just $21.5k per coin, victims of a financial avalanche that has sent the price of most crypto coins tumbling, not just Bitcoin.

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