Published on September 15th, 2017 | by bitcoin0
Bitcoin jumps nearly 10% but is still down significantly for the week
For the week, however, bitcoin has lost about 15.1 percent of its value.
Bitcoin this week
Despite its massive drop this week, however, bitcoin is still up about 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 caught flak from JPMorgan CEO Jamie Dimon, who called bitcoin a “fraud” and said, “It won’t end well.