Cryptocurrencies
Bitcoin Matches Record Losing Run in Fall to Six-Month Low
- PBOC crackdown is adding to warnings from China watchdogs
- The cryptocurrency is still up more than 75% for the year
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Bitcoin sank to the lowest level in six months, extending this month’s slide on concerns about a crackdown on cryptocurrency operations by China.
The digital currency plunged as much as 11% to $6,530 before paring losses to trade at about $7,149 as of 7:58 a.m. in New York trading. It has tumbled about 22% in November, the biggest monthly decline in a year.