Bitcoin tumbles 8% after China reiterates call for a mining and trading crackdown


Source: businessinsider.com businessinsider.com

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KTS Design/Science Photo Library/Getty Images Bitcoin slid as much as 8% Friday, erasing earlier gains after China again called for a crackdown on mining and trading of the cryptocurrency. China reiterated its stance in a statement from Chinese Vice Premier Liu He, reports said. Bitcoin was recovering from a mid-week selloff before China took renewed aim at crypto mining. See more stories on Insider's business page . Bitcoin turned sharply lower Friday following reports that China has reiterated its call to restrict mining and trading activities surrounding the world's largest cryptocurrency. Bitcoin tumbled as much as 8%, to $36,707.86, after...