Bitcoin market meltdown prompts fresh warning in China that value of world's leading cryptocurrency could fall to zero

China's Economic Daily warns investors to beware the risk of bitcoin prices "heading to zero" Report: "Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high" Lack of regulation in Western countries, such as the United States, helped create a highly-leveraged market that is "full of manipulation and pseudo-technology concepts" Bitcoin prices have fallen more than 50 per cent since the start of this year, while ether has dropped in value by more than 70 per cent. On OKX, one of the world's biggest cryptocurrency exchanges by trading volume, more than 9 per cent of its desktop web traffic on Wednesday came from China, according to data from web analytics firm SimilarWeb. Source