11:06
Cryptocurrencies tumble amid China crackdown on bitcoin miners

TOKYO (Reuters) - Cryptocurrencies tumbled on Monday as China’s crackdown on bitcoin mining expanded to the province of Sichuan.

Bitcoin fell to as low as $32,288 for the first time since June 8, and was last down 7.9% at around $32,781.

Smaller rival ether dropped below $2,000 for the first time since May 23, before trading 10% lower at 2019.01.

Cryptomining is big business in China, accounting for more than half of global bitcoin production.

Sourse: reuters.com

Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 131 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 0.0/0
Total comments: 0
Name *:
Email *:
Code *:
[10.07.2021][News]
The Bitcoin cycle will last 1,000 days, one analyst says, as crypto rallies despite 40% volume drop (5)
[10.07.2021][News]
This Country Could Make Bitcoin a Legal Tender After El Salvador (0)
[10.07.2021][News]
Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 (0)
[09.07.2021][News]
Apple Co-Founder Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold (0)
[09.07.2021][News]
We must stop bitcoin before it's too late (0)
[09.07.2021][News]
Bitcoin price under pressure as regulatory concerns mount (0)
[08.07.2021][News]
In First, Israeli Authorities Seize Digital Wallets Containing Bitcoin and Other Cryptocurrencies Destined for Hamas (0)
[08.07.2021][News]
The Wyckoff Accumulation: Why Is Bitcoin at a Critical Level According to the Model? (0)
[08.07.2021][News]
When Will Bitcoin Rally Again? (0)
[08.07.2021][News]
Elon Musk Receives Amusing Request to Start Pumping Bitcoin Again But He Says "No" (0)
close