9/24/2021, 11:19 AM (Source: TeleTrader)
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Ether plunges 7% as China continues crypto crackdown

Cryptocurrencies traded lower on Friday with Ether plunging more than 7% as China continued its crackdown on digital currencies.

The drop comes after China announced it will strictly disallow financial support for cryptocurrency mining projects and the People's Bank of China (PBOC) branded all cryptocurrency transactions illegal.

Ether plummeted 7.72% to sell for $2,910.3709 at 5:17 am ET. Meanwhile, Bitcoin fell 3.73% to $43,222.623 at the same time.

Baha Breaking News (BBN) / NP