Bitcoin faces biggest one-day slump since last year as China announces curbs
- Date: 19-May-2021
- Source: The Economist
- Sector:Economy
- Country:Middle East
Bitcoin faces biggest one-day slump since last year as China announces curbs
Bitcoin's price has fallen sharply after China announced curbs on cryptocurrency transactions.
The cryptocurrency dropped by more than 20% to extend a sharp downturn over the past month.
It dipped below $40,000 and hit its lowest level for more than three months on Wednesday afternoon, briefly even falling further to around $30,000.