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Cross-chain bridge outfitted altcoins rally greater regardless of China’s crypto ban The bullish momentum that had been rising throughout the cryptocurrency ecosystem over the previous few days got here to a screeching halt on Sept. 24 as information that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall within the worth of (BTC) from $45,000 to $42,000.
After the preliminary knee-jerk response and a short time frame for the market to digest the information, merchants jumped again in to purchase the dips on a number of altcoins, which helped among the losses seen earlier within the day.
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