Bitcoin straddles $36K mark overnight in volatile trading
China reportedly steps up blocking of bitcoin trading and mining of numerous cryptocurrency markets on Sunday: report
Bitcoin straddled the $36,000 level early Monday morning as continued pressure from China forced volatility in the cryptocurrency markets, a published report said.
The cryptocurrency stood at $36,229, down 0.12% for the 24-hour period ending at nearly 5:30 a.m. Eastern time Monday.
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Multiple reports overnight said China has stepped up its blocking of bitcoin trading as well as mining, preventing numerous cryptocurrency-related accounts on Weibo.
Bitcoin straddled the $36,000 level early Monday morning as continued pressure from China forced volatility in the cryptocurrency markets, a published report said. (iStock)
Elon Musk also drew the ire of the Anonymous hackers group, who blamed the Tesla CEO for "constantly trolling" cryptocurrency markets.
In a video posted to Twitter by the group, they said, "Recently … people are beginning to see you as another narcissistic rich dude who is desperate for attention."
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Ethereum, meanwhile, was trading at $2,776, up 1.44% early Monday. It had fallen as low as $2,743 earlier Monday morning, but has made a steady climb since then to its current level.