Major cryptocurrencies dive after China’s tough move – NEWS.com.au

Bitcoin and other major cryptocurrencies have taken a major hit this morning, after China declared the digital tokens cannot be used as a form of payment.The largest cryptocurrency fell as much as 5.3 per cent to $US42,430 ($54,260) in New York, continuing a week-long downturn that has been rocked by Elon Musk’s back-and-forth comments on Tesla’s holdings of the currency.
Bitcoin is now at its lowest level since early February, and other cryptocurrencies have been hit hard. Ether lost more than…

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