China pressure sinks Bitcoin below $30,000


Source: entornointeligente.com entornointeligente.com

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Bitcoin sells for around $28,890, a level last seen at the beginning of the year, with analysts citing Chinese efforts to curb trading and mining operations. Bitcoin faces a green backlash because so-called mining often uses electricity produced from fossil fuels, especially coal, analysts say. (Reuters) Bitcoin has fallen below $30,000 for the first time in more than five months after hit by China's crackdown on the world's most popular cryptocurrency. Just before 1400 GMT on Tuesday, bitcoin sold for around $28,890, a level last seen at the beginning of the year, with analysts citing Chinese efforts to curb trading...