Cryptocurrency: Bitcoin plummets after series of events

Bitcoin saw a major drop of $60,000 Tuesday, Nov. 16.

On Tuesday China gave cryptocurrency miners a warning.

President Joe Biden also signed infrastructure bill, which has created a law that puts tax regulations on cryptocurrency.

Related: Want to trade in crypto? Here is how you begin


Bitcoin dropping impacted Ether and Dogecoin, causing them to dip as well.

In other news, Shiba Inu went up on Tuesday after AMC announced they would accept the coin as payment soon.

Related: Cryptocurrency: Will Shiba Inu finally hit $1 before the end of the year?


Get the latest headlines delivered to your inbox each morning. Sign up for our Morning Edition to start your day. FL1 on the Go! Download the free FingerLakes1.com App for Android (All Android Devices) or iOS (iPhone, iPad).