Bitcoin drops after report China to shutter digital currency exchanges??

Reuters News
Posted: Sep 08, 2017 10:41 AM

NEW YORK (Reuters) - Bitcoin fell sharply on Friday after a report from local news media Caixin said China is planning to shut local bitcoin exchanges.

Bitcoin dropped to a low of $4,227 <BTC=BTSP> on the BitStamp platform and last traded at $4,334.97, down 6.1 percent. It hit a record high of nearly $5,000 on Sept. 2.

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(Reporting by Gertrude Chavez-Dreyfuss and Angela Moon; Editing by Chizu Nomiyama)