News Snapshot:
HONG KONG (REUTERS, BLOOMBERG) - Bitcoin’s slide toward US$30,000 amid China’s continued cryptocurrency crackdown is stoking fears of a deeper selloff. Bitcoin fell as low as US$31,333 in London on Monday (June 21), dragging down other cryptocurrencies. It was trading at about US$32,240 as of 9.08am on Tuesday in Hong Kong. The world's biggest cryptocurrency has lost about 20 per cent in the last six days alone and was at half its April peak of almost US$65,000. Year to date, it remained up about 11 per cent. A conclusive break below US$30,000 would mean a “massive hit” to sentiment and...
