China sparks 30% drop in bitcoin

I lived on bitcoin for 24 hours

I lived on bitcoin for 24 hours

China has put an end to bitcoin’s euphoric start to the year.

The digital currency soared to its highest level in more than three years last week, topping $ 1,100 and nearing an all-time record. But since then, its price has plunged more than 30% to around $ 760 after Chinese authorities stepped up scrutiny of bitcoin exchanges in the country, where the vast majority of bitcoin trading takes place.

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