Bitcoin and Ethereum Sink as China Central Bank Says Crypto Transactions Illegal

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By Joe Woelfel

Updated Sept. 24, 2021 6:41 americium ET / Original Sept. 24, 2021 6:03 americium ET

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Cryptocurrencies from Bitcoin to Ethereum to smaller coins were tumbling Friday aft the People’s Bank of China said each crypto-related transactions were amerciable and indispensable beryllium banned.

Bitcoin, the world’s largest integer currency, dropped 2.6% to $42,506, Ethereum sank 6.3% to $2,883, XRP fell 6.4% and Cardano was down 2.33%.

“Financial institutions...

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