Bitcoin slump continues after China rules out using cryptos for payments
Bitcoin and other major cryptocurrencies slumped after the People's Bank of China reiterated that digital tokens can't be used as a form of payment.
The largest token fell as much as 2.3 per cent to $42,309 in early Asian trading on Wednesday, continuing a week-long slide sparked by Elon Musk's back-and-forth comments on Tesla's holdings of the coin. Ether, Dogecoin and last week's sensation, Internet Computer, also retreated.
