Business
Bitcoin ends week in freefall as China warns of crypto crackdown – Aljazeera.com
The largest digital currency fell as much as 10 percent in late Friday, trading to as low as $35,636.
Bitcoin is heading into the weekend in freefall again after a fresh warning from Chinese officials over cracking down on cryptocurrencies.
The largest digital currency fell as much as 10% in late Friday trading to as low as $35,636, and peer tokens also posted double-digit losses. The coin almost hit $30,000 earlier in the week, after ending May 14 at $49,100.
The latest blow came when Chinas State Council reiterated its call to curtail Bitcoin mining and trading. The crypto market was already rattled…
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