Bitcoin Crashes Below $30,000 For First Time Since January

The video discusses the significant drop in Bitcoin's value, which fell below its 2020 levels due to various factors. China's central bank's actions against cryptocurrency services and Elon Musk's tweets about environmental concerns contributed to the decline. Despite these setbacks, El Salvador became the first country to adopt Bitcoin as legal tender, highlighting differing global approaches to cryptocurrency.

What action did China's central bank take regarding cryptocurrencies?

Which country became the first to approve Bitcoin as legal tender?