China crypto crackdown sees mining businesses end operations, crashes Bitcoin price


Source: techspot.com techspot.com

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China crypto crackdown sees mining businesses end operations, crashes Bitcoin price BTC fell close to $30,000 yesterday By Rob Thubron on May 24, 2021, 6:50 What just happened? It’s starting to look as if the meteoric rise Bitcoin has enjoyed since the end of last year is coming to an end. The crypto’s price has tumbled by around 50% since mid-April, a decline that’s been exacerbated by top cryptocurrency miners, including HashCow and BTC.TOP, suspending all or part of their China operations after the country announced another crackdown. Bitcoin has been having a bit of a rollercoaster recently. It hit...