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Bitcoin plunges below $40,000 as China widens its crypto crackdown Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market this time, after China took more steps to crack down on the digital coins. The world’s most heavily traded cryptocurrency plunged as low as $30,202 per coin from a high of nearly $44,000 in the past 24 hours, according to data from Coindesk. Bitcoin recovered slightly following the New York stock market open and was down 15% at around $37,280. Alongside bitcoin’s fall, several other major cryptos were down Wednesday. Ethereum plummeted below $2,000 per unit at its low before reclaiming some of its lost ground. Ether was down nearly 30% at $2,430 Wednesday morning. The meme-turned-cryptocurrency dogecoin lost nearly 26%.

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