Crypto News 

Bitcoin price drops by $1,000 in one hour amid fears of escalating crackdowns

“Bitcoin’s price dropped by more than $1,000 in just one hour on Tuesday morning amid reports that governments in China and South Korea are planning further crackdowns on the digital currency” writes James Titcomb for The drop comes amid reports that China is preparing to escalate recent measures to discourage use of cryptocurrencies.Authorities plan to effectively shut off access to online services that allow people to trade Bitcoin by blocking wallet services and access to exchange websites, Bloomberg reported.Other cryptocurrencies including Ethereum and Ripple suffered much heavier drops, losing over a fifth of their value.

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