Bitcoin price crashes below $3,900 amid China cryptocurrency exchange crackdown

Bitcoin price crashes below $3,900 amid China cryptocurrency exchange crackdown
 

The digital currency fell below $3,900 on Wednesday, before narrowing losses to sit around $3,917.
Bitcoin's price has lost around $1,000 since the start of September when the price came within touching distance of $5,000.
It comes amid speculation the Chinese government is launching a crackdown on exchanges.
Beijing has already decided to ban initial coin offerings, which are used to raise funds with new digital tokens.
The two moves mark a clampdown on cryptocurrency in the world's second largest economy.
And this has prompted traders to sell off bitcoin - the price has also been hit by... read more

 
13 September 2017 in Business, Views: 46
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