Bitcoin Plunges After Chinese Exchanges Suspend Bitcoin Withdrawals

by Tyler Durden
ZeroHedge.com
Feb 9, 2017

Yesterday’s ominous closed-door meetings between the PBOC and bitcoin exchanges, appears to have had a dramatic effect, and as at least two Chinese bitcoin exchanges, Huobi and OKCoin, reported moments ago, all bitcoin withdrawals are now effectively suspended.

The result on bitcoin price was immediate and dramatic with bitcoin traded in China tumbling 7%.

This is the third major plunge driven by PBOC words (or deeds) pushing the dollar price of Bitcoin back below $1000

The Rest…HERE

This entry was posted on Thursday, February 9th, 2017 at 11:23 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.