News Snapshot:
The price of Bitcoin tumbled below $30,000 for the first time since January, wiping out all its gains for the year. The world’s biggest cryptocurrency plummeted by as much as 12 per cent to $28,893 on Tuesday, after China’s central bank intensified a crackdown on cryptocurrencies. Bitcoin has fallen 50 per cent from its April peak of around $65,000, in the latest slump in a wider downturn that has demolished the market cap of all cryptocurrencies in the last few days. Today’s drop had a domino effect on smaller coins, with Ethereum, Cardano and dogecoin all taking a hit. Charting...
