Bitcoin plunges below $40,000 as China widens its crypto crackdown


Source: localnews8.com localnews8.com

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Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins. The world’s most heavily traded cryptocurrency plunged as low as $30,202 per coin from a high of nearly $44,000 in the past 24 hours, according to data from Coindesk . Bitcoin recovered slightly following the New York stock market open and was down 15% at around $37,280. Alongside bitcoin’s fall, several other major cryptos were down Wednesday. Ethereum plummeted below $2,000 per unit at its low before reclaiming some of its lost ground....