Bitcoin, Other Cryptos Fall After Weibo Blocks Rekindle Fears of China Crackdown

The price of bitcoin and other cryptocurrencies fell Saturday morning after a large number of cryptocurrency “Key Opinion Leaders” (KOL) on Weibo were blocked, a move some are viewing as signs of a further crackdown on crypto by China’s government.

UPDATE (June 5, 21:15 UTC): Adds confirmation of the blocks, Dovey Wan comments.