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Bitcoin skids after China clamps down on mining, trading activities By Gertrude Chavez-Dreyfuss and Thyagaraju Adinarayan Reuters NEW YORK/LONDON (Reuters) -Bitcoin slid on Friday after China doubled down on its efforts to prevent speculative and financial risks by cracking down on the mining and trading of the world s largest and most popular cryptocurrency. China s Financial Stability and Development Committee, chaired by Vice Premier Liu He singled out bitcoin as the asset it needs to regulate more. China has banned crypto exchanges and initial coin offerings before but has not barred individuals from holding cryptocurrencies. Bitcoin last traded down 8% at $37,520, after holding the $40,000-level for most of the Asian and London sessions. The current price was roughly 25% above its Wednesday low, but below its 200-day moving average.

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