Cryptocurrencies plummet as Chinese crackdown on Bitcoin mining

Cryptocurrencies tumbled Monday as China's crackdown on bitcoin mining activity spilled over into Sichuan Province.

Bitcoin fell to as much as 32,288 dollars for the first time since June 8, and was in the latest trading, down 7.9 percent at about 32,781 dollars.

Its smaller rival, Ether, fell below $2,000 for the first time since May 23, and is trading down 10 percent at $201901.

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