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	Good Tuesday morning. Billy Bambrough here, getting you up to speed with the latest from crypto-land.


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24-hour crypto market snapshot

$41,767

$2,899

$134.01

$0.9249

Inflows don't stop price drops 🔀


	Cryptocurrency prices are trending downward this morning as the reality of China's latest bitcoin and crypto crackdown sets in and casts a pall over the market that's nervously eyeing a U.S. government shutdown. Prices are under pressure even as data from digital asset manager Coinshares showed cryptocurrency investment products and funds have seen inflows for a sixth consecutive week. Crypto inflows hit $95 million last week, led by investments in bitcoin of $50 million, according to CoinShares data as of September 24. Over the last six weeks, crypto inflows amounted to $320 million. Reuters has a full write-up and Cointelegraph says it shows "institutional investors bought the dip," ignoring China "FUD." The bitcoin price is down 5% on the last 24 hours, with most of the crypto top ten down a similar amount. Ethereum has again fallen under $3,000 after yoyoing around the psychological level, while solana is leading major coins lower, down almost 10%. Good to know: More crypto platforms exit China following ban on related transactions

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Wasting breath on bitcoin 😮‍💨



	JPMorgan's Jamie Dimon, one of Wall Street's longest-serving CEOs, is an outspoken critic of bitcoin and crypto POOL/AFP via Getty Images


	Love-hate relationship: JPMorgan chief executive Jamie Dimon, the man the crypto community loves to hate, has once again given bitcoin and cryptocurrencies a kicking. Fool's game: "I think if you borrow money to buy bitcoin, you're a fool," the Dimon told The Times of India in an interview last week, adding he doesn't "really care about bitcoin, that he's "not a buyer of bitcoin" and "people waste too much time and breath" on bitcoin. Up, anyway: However, Dimon—who earlier this year blasted cryptocurrencies as inferior to traditional assets, warned people against buying them, and called on regulators to better manage the rapidly growing crypto space more closely—added the bitcoin price could continue to climb: "This does not mean it can't go 10 times in the next five years," he said. "But I don't care about that." In 2017, Dimon famously called bitcoin a "fraud" and threatened to fire employees who traded bitcoin. Why it matters: Despite Dimon's bluster, JPMorgan became the first major U.S. bank to give retail wealth clients access to cryptocurrency funds and the bank's research arm closely follows the crypto space. Last week, JPMorgan analysts warned big investors have begun pivoting out of bitcoin futures and into ethereum amid a "strong divergence in demand." Last year, JPMorgan launched an in-house digital token, JPM coin, with the bank now planning to expand its crypto efforts to "programmable money." The big picture: Dimon's position, once the norm on Wall Street, is becoming less popular as banks including Goldman Sachs, Morgan Stanley, and Bank of America roll out their own cryptocurrency services, with traditional finance industry stalwarts increasingly backing bitcoin and crypto. Fed up: Regional Fed chiefs step down after securities trading controversy

Coinbank 🏦


	💸 New features are coming to the crypto exchange giant Coinbase, with the option for users to get their paycheck paid into their account generating headlines. 💳 According to Coinbase, users in the U.S. will be able to deposit "as much or as little" of their paycheck at no fee and be able to use the funds for regular crypto investments, earning crypto rewards, or spending on the Coinbase card—a Visa debit card that allows people to buy everyday items with crypto. 🙋 "What could possibly go wrong," asked the crypto skeptic economist Frances Coppola via Twitter. The bitcoin price has fallen almost 5% since Coinbase published its blog post announcing the feature.

🚫 Crypto price data blocked in China 🚫

🤔 If you can't see the price does bitcoin even exist? China, as part of its latest crackdown on bitcoin and cryptocurrencies, has blocked access to two of the most popular crypto market data sites, CoinGecko and CoinMarketCap.

🔥 🧱 Both are inaccessible in mainland China, it was first reported by crypto news outlet The Block, pointing to results of tests run on an online tool for checking sites censored by China's Great Firewall.

🤬 China's internet censorship agency is apparently behind the move, with CoinGecko co-founder TM Lee telling The Block: "As far as we know, we didn't block proactively."

Now read this: Binance claims it has no crypto exchange business in China—that’s a lie

	Billy Bambrough
	Forbes Contributor

I am a journalist with significant experience covering technology, finance, economics, and business around the world. I write about how bitcoin, crypto and blockchain can change the world.

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Forbes - A fool's game 🤹

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