Bitcoin ‘heading to zero’, says China state media

The cryptocurrency is nothing more than a string of digital codes, report says

While the turbulence in markets continue due to current global downturn, cryptocurrencies seem to have taken a major hit especially after last week’s plunge.

Bitcoin, the world’s largest cryptocurrency, dropped below $20,000 last Saturday to its lowest level in 18 months, extending its slide as investors pulled back from riskier assets amid rising interest rates.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store