Bitcoin plunges after China crackdown

Digital currency under pressure from payment crackdown and tweets from Elon MuskThe price of bitcoin fell by almost 30% on Wednesday, after a Chinese government crackdown on banks’ use of cryptocurrencies accelerated a long-predicted sell-off, in a day of chaotic trading.The world’s largest digital currency tumbled to about $30,000 (£21,000) amid frenzied trading, a drop of more than 50% since it hit record highs of more than $64,000 in mid-April. However, by 10pm UK time, the