The fear of possible defaulting of Chinese real estate giant Evergrande has caused broad sell-off in global financial markets, even causing a dip in cryptocurrencies.
The move by Italy’s market watchdog is the latest in a string of regulatory actions taken by governments against the world’s largest crypto exchange.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36 percent from levels around $0.65 before Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live."
Price of the leading digital currency crosses $30,000-mark for the first time and analysts predict more historic highs in the near term.
Its rally this year has prompted some investors to claim the cryptocurrency could more than quintuple in price to as high as $100,000 in a year, drawing eye rolls from sceptics who say it is a purely speculative asset.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2021 TRT World.