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China trade figures set bitcoin into slide – Euro Weekly News

News Snapshot:

By [Fergal MacErlean](/author/fergal) • 09 May 2022 • 12:21 Image: Bitcoin slides with crypto casualties. Credit: Creative Commons/sergeitokmakov 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….

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