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Cryptocurrencies fall amid China crackdown on bitcoin miners


Cryptocurrencies fall amid China crackdown on bitcoin miners


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 primary time since June 8, and was last down 7.9% at around $32,781.

Smaller rival ether dropped below $2,000 for the primary time since May 23, before trading 10% lower at 2019.01.

Cryptomining is business in China, accounting for quite half global bitcoin production.

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