By Joanna OssingerBitcoin dropped further below $60,000 to its lowest level in about three weeks amid a broader decline in cryptocurrencies, as concerns about U.S. taxation and China’s continued crackdown swirled.
The largest cryptocurrency was down about 2.5% to $59,000 as of 11:23 a.m. in Hong Kong on Wednesday, retreating for a fourth straight day.
Ether fell 3.4% to $4,110 to its lowest level since Oct. 28.
The top tokens were all nursing declines of at least 10% over the past seven days.
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