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 <a href="https://www.cnbc.com/2021/06/21/bitcoin-btc-price-drops-on-china-crypto-mining-crackdown.html">CNBC</a>. “ 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.”

China Ramps Up Assault On Crypto Mining, Bitcoin Drops Again

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China Ramps Up Assault On Crypto Mining, Bitcoin Drops Again