Bitcoin Bitcoin continues rapid slide as Russia and China stoke regulatory fears Bitcoin dropped a further $2,000 in value, leading the general slide across cryptocurrency markets as investor confidence waivers Chinese state media reported that the government planning to stamp out remaining cryptocurrency trading in the country following its crackdown last year. Photograph: Dado Ruvic/ReutersCryptocurrencies continued their sharp tumble on Wednesday as bitcoin dropped by over 16% as continued fears of regulation from Russia and China dent investor confidence. Bitcoin led the fall on other cryptocurrencies, including Ethereum and Ripple, over suggestions that Russia and China may crack down on trading. The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. He said: “I would say the strong rally in bitcoin and other cryptocurrencies we saw last year is over.

Source: The Guardian January 17, 2018 12:11 UTC