Bitcoin, Ether Tumble as China Intensifies Crackdown on Crypto

  • Risks skewed to the downside, says Razaqzada at ThinkMarkets
  • Any sloppy liquidation could beget more selling, says Nomura
China Says All Crypto-Related Transactions Are Illegal and Must Be Banned
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Bitcoin, Ether and other digital tokens tumbled as China intensified its push to rein in crypto speculation and mining.