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Advertisement Bitcoin plunges to a shocking 20% after Chinese crackdown Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China reiterated that digital tokens can’t be used as a form of payment. WhatsApp For the first time since February 9 this year, Bitcoin fell to an all-time low, extending losses to 20% in the last 24 hours. The cryptocurrency has been falling consistently this month and as of 5:40 PM PST, the bitcoin is valued at USD 36,360 according to Moningstar’s data. The sharp fall in Bitcoin value occurred after Chinese regulators intensified efforts to crack down on...
