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6.21.2021

World War Bitcoin

Bitcoin sinks to two-week low as China intensifies crypto mining crackdown

Many bitcoin mines in Sichuan were shuttered Sunday after authorities in the southwestern Chinese province ordered a halt to crypto mining, according to a local report.

Jim Cramer says he sold off most of his Bitcoin holdings

Two months after paying off his mortgage with Bitcoin, CNBC’s Jim Cramer says he’s done with the cryptocurrency. “Sold almost all of my Bitcoin. Don’t need it,” Cramer said on Squawk on the Street Monday.

MicroStrategy bought nearly $500 million worth if bitcoin as prices fell

MicroStrategy Inc. MSTR, -10.44% said Monday it spent about $489 million in cash to buy an additional 13,005 bitcoins for an average price of about $37,617 per bitcoin, including fees. The purchase comes on a day that bitcoin BTCUSD, -9.57% tumbled 9.3%, which puts it on track for the lowest close in 4 1/2 months, and is now about 49% below its record close in April.