News Snapshot:
Mail S3studio/Getty Images Bitcoin continued its descent on Monday, dropping 7% to a price of $32,801 in the early morning hours. This is the first time the world’s largest cryptocurrency fell below $33,000 since June 8. “Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining,” reported CNBC . “ It was last trading at $33,243 as of 5:50 a.m. ET. Smaller rivals like ether and XRP also tumbled, down 8% and 7% respectively.” “Many bitcoin mines in Sichuan were shuttered Sunday after authorities in the southwestern Chinese province ordered a halt to crypto mining, according...
