Bitcoin Is Sliding Again. Why It's Tumbling — and Why There's More Pain Ahead.

May 21, 2021

Bitcoin’s slide resumed on Friday as it tumbled to $37,400, down 10% from early morning prices around $41,400.

The threat of stiffer government regulation is mounting, causing a new round of price jitters, with a statement from Chinese Vice Premier Liu being blamed for Friday’s tumble.

The statement said Chinese financial authorities intend...