Agricultural Bank of China : Bitcoin struggles to regain ground after plunging on China crackdown | MarketScreener

LONDON/HONG KONG (Reuters) – Bitcoin strained on Tuesday to climb away from a two-week low touched a day earlier when China’s central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. The world’s largest cryptocurrency gave up most of its earlier gains and was last up 0.5% at $31,753. It tumbled over 10% on Monday, its largest one-day drop in over a month. The sell-off was sparked by the People’s Bank of China (PBOC) urging China’s largest banks and payment firms to crack down harder on cryptocurrency trading. Crypto exchanges were effectively pushed out of China…