Bitcoin sinks below US$30,000 for first time since January
Bitcoin fell below US$30,000 on Tuesday (Jun 22) for the first time in five months, hit by concerns over China's ongoing crackdown on the world's ...
BookmarkLONDON: Bitcoin fell below US$30,000 on Tuesday (Jun 22) for the first time in five months, hit by concerns over China'songoing crackdownon the world's most popular cryptocurrency.At about 12.30pm GMT (8.30pm, Singapore time), bitcoin sank 9 per cent to as low as US$29,624, attaining a level last seen in January, with analysts citing Chinese efforts to crack down on trading and mining operations.
AdvertisementAdvertisement"Concerns mount over China's ongoing clampdown and fears that widespread acceptance of bitcoin and other digital currencies will be delayed because of concerns about their environmental impact," said analyst Fawad Razaqzada at trading site ThinkMarkets.Read more: CNA »
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