Bitcoin slumps further as China tightens crypto crackdown

Bitcoin slumps further as China tightens crypto crackdown

Photo by Andre Francois on Unsplash

Bitcoin tumbled on Monday to a two-week low on China’s expanding crackdown on bitcoin mining, as investors grew more uncertain about the future of the leading cryptocurrency.

Bitcoin fell as low as $31,333, a two-week trough, dragging down other cryptocurrencies. It was last down 10.7%, its largest daily percentage loss in a month.

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