Bitcoin Pressured by Post-Fed Dip in Sentiment, China Crackdown

News Snapshot:

Jun 21 2021, 12:26 PM Jun 21 2021, 1:35 PM June 21 2021, 12:26 PM June 21 2021, 1:35 PM (Bloomberg) -- (Bloomberg) -- Bitcoin slid Monday amid a fraying appetite for riskier investments and an intensifying cryptocurrency crackdown in China. The largest virtual currency fell as much as 9% to $32,605 and was trading a little under $33,000 as of 7:40 a.m. in London. Ether, the second-biggest token, declined as much as 11%. The selloff came amid a broader retreat in assets like stocks and commodities in the wake of last week’s hawkish policy pivot by the Federal Reserve....