Bitcoin and ethereum crash as China promises ‘severe crackdown’

Watch: Bitcoin falls again as China reiterates crackdown

Bitcoin (BTC-USD), ethereum (ETH-USD) and other cryptocurrencies crashed on Friday after China announced a harsh clamp down on the market. 

The top crypto, bitcoin, plummeted over 11% to $37,429 (£26,428), while etherreum — the world’s second largest crypto — plunged 13% to $2,552. 

Dogecoin (DOGE-USD) fell as much as 15% to $0.34 during the session.

Chart: Yahoo Finance

The crash was triggered by Chinese vice-premier Liu Hu saying…


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