Published on September 15th, 2017 | by bitcoin0
Bitcoin is suffering again and has now lost a third of its value this week
Over the past week, bitcoin has lost more than 35 percent of its value.
Bitcoin one-week chart
Despite its massive drop over the past seven days, however, bitcoin is still up nearly 200 percent for the year.
Investors have been dumping bitcoin this week as Chinese authorities ramp up their crackdown on cryptocurrency exchanges.
Chinese financial media outlet Yicai Global also reported China plans to shut down all bitcoin exchanges by month’s end.
The cryptocurrency this week also received flack from JPMorgan CEO Jamie Dimon, who called bitcoin a “fraud” and said, “It won’t end well.