Bitcoin Plunges 28%, Ethereum 38%, and Dogecoin 47% After China Cracked Down on Payments and Elon Musk Said Tesla Would Not Accept Bitcoin


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The Youth Department Bitcoin Plunges 28%, Ethereum 38%, and Dogecoin 47% After China Cracked Down on Payments and Elon Musk Said Tesla Would Not Accept Bitcoin Bitcoin has plunged below the $40,000 mark for the first time in more than three months after China reiterated its ban on financial and payment institutions from providing cryptocurrency services. Cryptocurrencies across the board were hit, and technology platforms that host the digital assets’ trading and other related functions reported being down and, in some cases even suspending withdrawals, adding to the negative tone in markets. Bitcoin tumbled more than 50 percent from a...