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Tuesday, September 12, 2017

Bitcoin drops $500 after more reports China will ban cryptocurrency exchanges

Bitcoin drops $500 after more reports China will ban cryptocurrency exchanges

Bitcoin has plummeted further after China launched a crackdown on cryptocurrencies.

The currency went into free fall on Friday after reports that China was about to ban cryptocurrency exchanges.

It has continued to decline in value, now standing at $4,161.62, or £3,155, down more than $500 from a high of $4698.72 on Thursday.

The Chinese outlet Caixin first reported the ban on Friday. On Monday, Bloomberg followed up with a report that China would ban the trading of virtual currencies on domestic exchanges but permit over-the-counter transactions.


Full story at http://read.bi/2jlyrEn


Source: Business Insider Nordic


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