The world’s most iconic crypto fell around £1,600 from £25,961 at 6.30am to £24,353 at 1.30pm.
It comes as Xi Jinping’s regime intensifies its crackdown on crypto.
Part of this has involved targeting “crypto mines” in the country which use computational puzzle-solving to create new units of the virtual currency.
It announced the crackdown in May, which sent Bitcoin tumbling from a high of almost £47,000 as wary investors shunned the currency.
This is a breaking news story.
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