Bitcoin recoups some losses in Asia after plunging on Chinese crackdown

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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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