Bitcoin slump continues after China rules out using cryptos for payments

in hive-116221 •  4 years ago 

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Bitcoin and other major cryptocurrencies slumped after the People's Bank of China reiterated that digital tokens can't be used as a form of payment.

The largest token fell as much as 2.3 per cent to $42,309 in early Asian trading on Wednesday, continuing a week-long slide sparked by Elon Musk's back-and-forth comments on Tesla's holdings of the coin. Ether, Dogecoin and last week's sensation, Internet Computer, also retreated.


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