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Cryptocurrencies Plummet as Chinese Crackdown on Bitcoin Mining

Adel 21 June, 2021 12:20 pm Cryptocurrency, Market Update

Cryptocurrencies tumbled Monday as China’s crackdown on bitcoin mining activity spilled over into Sichuan Province.

Bitcoin fell to as much as 32,288 dollars for the first time since June 8, and it was in the latest trading, down 7.9% at about 32,781 dollars.

Its smaller peer, Ethereum, fell below $2,000 for the first time since May 23, trading 10% down at $2019.01.

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