Bitcoin fell over the weekend, spurred by China closing a number of mines.
Bitcoin fell 5.5 percent on Sunday, as China closes in on Bitcoin mining practises.
This comes amid growing concerns over the energy usage required to mine cryptocurrencies.
This is the currency’s fourth decline in the past five sessions. Ether also tumbled.
The city of YA-AN promises to root out major crypto mining operations within 12 months
There are reports that the closure of the mines in this area has reduced the crypto’s mining capacity by 90 percent.
The crypto is currently priced at around half of what it was worth in April – with the market value falling from 2.6 trillion last month to 1.45 trillion today.
