Bitcoin, Ethereum, XRP tumble on China crackdown


Source: trendycryptonews.com trendycryptonews.com

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0 A crackdown from the Chinese government has sent the entire cryptocurrency market tumbling. Bitcoin , the world’s largest cryptocurrency, dropped nearly 6% on the move to around $41,700 per coin, while Ethereum and XRP have dropped 8% to around $2,800 per coin and 7% to 91 cents per coin, respectively, according to real-time price tracking by Coindesk . A notice from the People’s Bank of China on Friday complained Bitcoin , Ethereum and other digital currencies disrupt the financial system and are used in money laundering and other crimes. “Virtual currency derivative transactions are all illegal financial activities and...