Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining.
Bitcoin fell 7% to a price of $32,801 Monday morning, dropping below $33,000 for the first time since June 8.
China's crackdown on cryptocurrency mining has extended to the southwestern province of Sichuan, according to reports.In this articlePaul Ratje | The Washington Post | Getty ImagesThe world's largest digital currency fell 7% to a price of $32,801 Monday morning, dropping below $33,000 for the first time since June 8, according to data from Coin Metrics. It was last trading at $32,964 as of 5 a.m. ET.
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