Bitcoin crashes as China vows to stamp out overseas crypto-trading – RT

After hitting $20,000 six weeks ago, bitcoin plunged below $7,000 on Monday to its lowest price since November. Tighter regulation, particularly in China and India, was the main factor weighing on the price.
The digital currency was trading 16 percent lower as of 19:30 GMT, according to CoinMarketCap.

via Bitcoin crashes as China vows to stamp out overseas crypto-trading — RT Business News