Agricultural Bank of China : Bitcoin drops below $30,000 as relentless China crackdown weighs | MarketScreener

NEW YORK/LONDON/HONG KONG (Reuters) – Bitcoin on Tuesday fell below $30,000 for the first time since January, briefly erasing gains for the year and adding to losses sparked a day earlier when China’s central bank deepened a crackdown on cryptocurrencies. The world’s largest cryptocurrency dropped to $28,600, its lowest since early January, after giving up gains made during Asian hours. Its fall also pressured smaller coins such as ether. Bitcoin tumbled 11% on Monday, its largest one-day drop in over a month, with losses of nearly 30% in the last week alone almost wiping out gains for the year-to-date. It…