Tags: cryptocurrency | bitcoin | ether

Cryptocurrencies Selloff Widens: Bitcoin Down Nearly 4%, Ether 6%

bitcoin freefall
China's decision to halt bitcoin mining may be behind the cryptocurrency freefall Tuesday, Sept. 7, 2021. (AP)

Tuesday, 07 September 2021 11:14 AM EDT

A selloff in cryptocurrencies widened on Tuesday, with bitcoin weakening nearly 4% while smaller rival ether fell more than 6%.

The world's biggest and best-known cryptocurrency weakened 4% to $50,516, having risen to a mid-May high above $52,000 earlier, in Asian trading.

Ether, the coin linked to the ethereum blockchain network, fell more than 6% to $3,666.

According to one report, China ordered a shutdown of Bitcoin mining in its Sichuan province and has ordered banks to stop supporting crypto transactions.

(Reporting by Saikat Chatterjee; editing by Sujata Rao)

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
A selloff in cryptocurrencies widened on Tuesday, with bitcoin weakening nearly 4% while smaller rival ether fell more than 6%. The world's biggest and best-known cryptocurrency weakened 4% to $50,516, having risen to a mid-May high above $52,000 earlier.
cryptocurrency, bitcoin, ether
89
2021-14-07
Tuesday, 07 September 2021 11:14 AM
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