Cryptocurrencies tumble amid China crackdown on bitcoin miners


FILE PHOTO: A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken,May 19, 2021. REUTERS/Dado Ruvic/Illustration

TOKYO: Cryptocurrencies tumbled on Monday as China's crackdown on bitcoin mining expanded to the province of Sichuan.

Bitcoin fell to as low as $32,288 for the first time since June 8, and was last down 7.9% at around $32,781.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bitcoin , Cryptomining , ether

Next In Business News

Bursa Malaysia securities reprimands, fines dealer RM59,000 over share manipulation
EI Power IPO oversubscribed 30.8 times ahead of ACE Market debut
PPB-linked Wilmar appeals Russian court order over Etalon stake seizure
Paradigm REIT posts RM39.2mil net property income in 1Q26
Orkim expands fleet with delivery of Orkim Garnet tanker
Bursa Malaysia reprimands Ireka, seven former directors, imposes RM425,000 in fines
RHB gets Bank Negara approval for Tokio Marine insurance talks
Bedi proposes RM14.3mil disposal of Sabah industrial property
Ringgit ends higher against regional peers, mixed versus majors
CGC appoints Madelena Mohamed as non-independent non-executive director effective May 1

Others Also Read