Bitcoin price slides to three-month low of $34,000 with crypto casualties

The latest economic data from China has heightened fears over its zero-Covid lockdown policies as bitcoin heavily dented.

China, which imposed factory shutdowns and suffered port disruption, contributed to exports growth slowing to 3.9 per cent,  from the 14.7 per cent increase in March, The Evening Standard reported on Monday, May 9.

This has caused a major blow to holders of cryptocurrencies after the Bitcoin price fell to a three-month low at less than $34,000.

Commodity prices have also weakened, causing four per cent falls for iron ore-exposed shares in Anglo American and Rio Tinto and Chilean copper miner Antofagasta.

These drops meant the FTSE 100 lost 0.9m per cent or 67.25 points to 7320.69, with tech companies again in the firing line after last week’s US interest rate rise worries.

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