ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Bitcoin battered by fear of tighter controls in China

HONG KONG -- The price of bitcoin tumbled on Friday morning, as speculation that China may tighten controls over the cryptocurrency to stem the outflow of capital spooked investors.

The value of the currency fell to 4,520 yuan at BTCC, a bitcoin exchange in China. That was 12% lower than a recent high of 5,136 yuan on Thursday afternoon.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more