Bitcoin drops further as China collapses on crypto-currencie… – MENAFN.COM

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Date

5/23/2021 6:59:05 AM

(MENAFN)The price of Bitcoin dropped below USD34,000 for the first time in three months on Wednesday, after China obliged fresh controls on crypto-currencies.

Beijing barred banks and payment companies from offering services linked to crypto-currency deals.

It also advised shareholders against tentative crypto trading on Tuesday.

It follows drops in Bitcoin of more than 10 percent last week after Tesla declared that it would no longer recognize the currency.

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