According to @rovercrc, China has officially declared cryptocurrency trading, mining, and related services to be illegal. This announcement is expected to create significant volatility in the global crypto markets, with immediate impacts on Bitcoin (BTC) and other major digital assets as traders react to increased regulatory pressure and potential liquidity shifts. Market participants should closely monitor price action and trading volumes, as further declines or abrupt movements in crypto prices are likely following this regulatory development. Source: @rovercrc.