Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019.
Anton Vaganov | Reuters

What a tough month it has been for bitcoin.
The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk. It lost $3,000 in value in just a month as China accelerated a crackdown on businesses involved…

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