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Business Matters: A volatile day for cryptocurrencies

A volatile day for cryptocurrencies

20/05/2021 GMT

BBC World Service - Business Matters, A volatile day for cryptocurrencies

Bitcoin, Dogecoin and Ethereum have experienced wild price movements

Prices of the major cryptocurrencies moved wildly all day

After China banned banks and payment firms from providing services related to cryptocurrency transactions, prices dropped heavily. We speak to Glen Goodman, author of the Crypto Trader. Plus, consumer confidence in China has returned so much so that a key area of the vast online shopping market – livestream selling - is expected to double this year in value, to around £200 billion. The BBC's correspondent Robin Brant went to the city of Yiwu, where thousands of hopefuls go to learn the techniques. France has allowed non-essential shops, museums, and bar and cafe terraces to reopen. Cinemas have also got the green light, and Vincent Erlenbach, who runs Cinema Utopia in Bordeaux gives us his reaction. Plus, we're joined throughout the programme by markets analyst Ralph Silva in Toronto and Michelle Jamrisko, Bloomberg's senior Asia economy reporter in Singapore. (Picture of Bitcoin via Getty Images).

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