Bitcoin falls to a low of $7175
Reports that China may be about to block all access to cryptocurrency websites from inside China continues to weigh on Bitcoin and other cryptocurrencies.
It's a sea of red in the space with Bitcoin hitting $7175 today from a high of $8550. It's the lowest since November 16 as the selling intensifies.
Bitcoin is now down 63% from the December high.
That November spike low at $5600 is creeping up and it's going to be a the next critical support level.