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Share Bitcoin, Ethereum, and other cryptocurrencies crashed on Friday after China announced a fierce clamp down on the market in its bid to fend off financial risks. The world’s biggest cryptocurrency, Bitcoin, plunged by over 11% to $37,429, while Ethereum, the world’s second-largest cryptocurrency, crashed by over 13% to $2,552. Dogecoin fell by as much as 15% to $0.34 during the trading session on Friday. READ: U.S Treasury calls for businesses to report Crypto transfers from $10,000 The crash was triggered by Chinese Vice-Premier Liu Hu’s statement that China would severely crackdown on illegal securities activities and severely punish illegal...
