Bitcoin price – live: Crypto market hangs in balance after China announces mining crackdown


Source: techtelegraph.co.uk techtelegraph.co.uk

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Bitcoin price – live: Crypto market hangs in balance after China announces mining crackdown May 24, 2021 The price of bitcoin fell to almost 50 per cent of its all-time high on Sunday after China announced yet another crackdown on crypto mining. Ethereum (ether), Cardano (ada), dogecoin and other major cryptocurrencies also took a hit, though remain significantly up compared to the start of 2021. A market rebound on Monday took bitcoin from below $32,000 to above $36,000, partly assisted by comments from Elon Musk that he preferred cryptocurrencies to traditional fiat currencies. The technology billionaire, who has been both...