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Bitcoin recoups some losses in Asia after plunging on Chinese crackdown

Published by
Reuters

(Adds dollar signs in 2nd paragraph, dropped word to quote in 6th paragraph) By Alun John and Andrew Galbraith HONG KONG (Reuters) – Bitcoin regained some ground on Tuesday, a day after touching a two-week low after China’s central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. The world’s largest crypto currency was last up 4.58% at $33,000, having dropped more than 10% on Monday. Ether, the second-biggest crypto currency, was up 5.05% at $1,983 after hitting a five-week low the day before. Monday’s sell-off was sparked by an announcemen…

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