Cryptocurrencies

China Crypto Clampdown Sends Bitcoin Closer to Key $30,000 Level

People’s Bank of China has reiterated ban on crypto services
Some say Bitcoin breach of $30,000 could spark heavier losses

WATCH: Bitcoin's price has dropped to a two week low after Chinese regulators start to crackdown on cryptocurrency activity.(Source: Bloomberg)

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By Eric Lam and Joanna Ossinger

June 21, 2021 at 9:22 PM EDT

Updated on

June 22, 2021 at 5:45 AM EDT

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China’s intensifying cryptocurrency crackdown has left Bitcoin flirting with $30,000, a price level seen as key to the short-term outlook for the largest virtual currency.

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Before it’s here, it’s on the Bloomberg Terminal

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