{"id":1559,"date":"2021-05-19T16:46:36","date_gmt":"2021-05-19T14:46:36","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/05\/19\/bitcoin-falls-30-after-china-crackdown\/"},"modified":"2021-05-19T16:46:36","modified_gmt":"2021-05-19T14:46:36","slug":"bitcoin-falls-30-after-china-crackdown","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/05\/19\/bitcoin-falls-30-after-china-crackdown\/","title":{"rendered":"Bitcoin falls 30% after China crackdown"},"content":{"rendered":"<p>Digital currency under pressure from payment crackdown and tweets from Elon Musk<\/p>\n<p>The price of bitcoin fell by almost 30% on Wednesday, after a Chinese government crackdown on banks and payment firms use of cryptocurrencies accelerated a long-predicted sell-off.<\/p>\n<p>The world\u2019s largest digital currency tumbled to almost $30,000 (\u00a321,000) amid frenzied trading , a drop of over 50% since it hit record highs of over $64,000 in mid-April. However, by 4pm UK time, the bitcoin price had risen back to around $37,000, still down 15% on the day.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/may\/19\/bitcoin-falls-30-after-china-crackdown\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/e0a622a444d3398be22ec9bb9f46e5b6bd3eb130\/0_105_4325_2596\/master\/4325.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=527c532447b7867f314dfe5f8670d192\" title=\"Bitcoin falls 30% after China crackdown\" \/>Digital currency under pressure from payment crackdown and tweets from Elon Musk<br \/>\nThe price of bitcoin fell by almost 30% on Wednesday, after a Chinese government crackdown on banks and payment firms use of cryptocurrencies accelerated a long-predicted sell-off.<br \/>\nThe world\u2019s largest digital currency tumbled to almost $30,000 (\u00a321,000) amid frenzied trading , a drop of over 50% since it hit record highs of over $64,000 in mid-April. However, by 4pm UK time, the bitcoin price had risen back to around $37,000, still down 15% on the day. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital currency under pressure from payment crackdown and tweets from Elon Musk The price of bitcoin fell by almost 30% on Wednesday, after a Chinese government crackdown on banks and payment firms use of cryptocurrencies accelerated a long-predicted sell-off. The world\u2019s largest digital currency tumbled to almost $30,000 (\u00a321,000) amid frenzied trading , a drop &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2021\/05\/19\/bitcoin-falls-30-after-china-crackdown\/\"> <span class=\"screen-reader-text\">Bitcoin falls 30% after China crackdown<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":1560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1559"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=1559"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/1560"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=1559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=1559"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=1559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}