The price of cryptocurrencies is rebounding. The value of all major cryptocurrencies has plummeted in the last 24 hours. Bitcoin trades below $ 30,000. Strictly speaking, a five per cent drop. Bitcoin is currently trading at $ 29,300. This is the lowest price since June 22. Globally, the increase in the number of Kovid 19 patients has shaken stock markets and cryptocurrencies. Many major countries have imposed restrictions on cryptocurrencies, which have led to their depreciation. Yesterday, EU diplomats announced that they would closely monitor cryptocurrency transactions. If countries in the use of cryptocurrency follow the EU policy of requiring transparency in the information on cryptocurrency recipient, sender and why it is transmitted, they will continue to depreciate.