Bitcoin prices (XBT) fell 8% Friday and have plunged about 36% in May — their worst monthly performance since September 2011.
Tesla (TSLA) CEO Elon Musk did an about-face on bitcoin, telling customers recently that the electric car giant will no longer accept bitcoin as payment for its vehicles because of concerns about the environmental impact of bitcoin mining, which is extremely energy intensive.
China also has stepped up its crackdown on crypto and the United States Treasury department…
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