Sichuan, Tumble

Sichuan, Tumble

Cryptocurrencies tumble amid China crackdown on bitcoin miners

Cryptocurrencies tumble amid China crackdown on bitcoin miners

21/6/2021 10:24:00 AM

Cryptocurrencies tumble amid China crackdown on bitcoin miners

Cryptocurrencies tumbled on Monday as China's crackdown on bitcoin mining expanded to the province of Sichuan .

21 Jun 2021 03:10PMShare this contentBookmarkTOKYO: Bitcoin fell to as low as US$32,288 for the first time since June 8, and was last down 7.9per cent at around US$32,781.AdvertisementAdvertisementSmaller rival ether dropped below US$2,000 for the first time since May 23, before trading 10per cent lower at 2019.01.

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Cryptomining is big business in China, accounting for more than half of global bitcoin production.(Reporting by Kevin Buckland; Editing by Toby Chopra) Read more: CNA »

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