Bitcoin plummets to a six-month low on China crackdown

Euronews | Nov 22, 2019 at 3:04 PM
  • It also cautioned investors not to confuse crypto with blockchain technology, the digital ledger that underpins many cryptocurrencies such as bitcoin.
  • The move came a day after regulators in Shenzhen launched a similar campaign, and came as the PBOC prepares to launch its own digital currency.
  • Bitcoin, known for its wild price swings, soared over 40% in two days after Xi’s remarks.
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