On Tuesday, the Bitcoin further declined by 0.91% to close at $43,196.39.
The popular crypto asset continued in its downturn, which was triggered by Elon Musk’s tweets.
On the other hand, Ethereum gained significantly as it closed at $3,414.48 on Tuesday, representing a 4.06% increase compared to $3,281.32 recorded on the previous day’s trade.
China’s financial industry bodies namely, the National Internet Finance Association of China, the China Banking Association, and the Payment and Clearing Association of China, declared on Tuesday that financial and payment institutions must not conduct cryptocurrency-related businesses.