Business
China hammers bitcoin anew with warning on miner crackdown – The Australian Financial Review
The latest sell-off pushed bitcoin below its average price over the past 200 days, which led some chartists to forecast it could trend towards $US30,000.
Fridays sell-off hit bitcoin believers still fuming after onetime proponent Elon Musk did an about-face and criticised the token for its energy usage. Bitcoin is down about 38 per cent since last Friday, though up from a Wednesday plunge to as low as $US30,000. Other coins have slumped too — Ether is down about 38 per cent over the past seven sessions.
The sour stretch for digital tokens started with Musk suspending acceptance of bitcoin payments at Tesla and trading barbs with boosters of the…
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