Cryptos are getting smoked again and bitcoin is back under $US7,000

Sean M. Haffey/Getty Images

It’s been a rough Good Friday so far in crypto-land.

Falls were led by a notable drop in bitcoin, which slumped below $US7,000 this morning — continuing its decline from above $US8,000 the previous day.

That marks the lowest level since early February, when bitcoin tumbled below $US6,000 amid a broader selloff in stocks.

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According to Coin Telegraph, prices have responded to reports that email marketing company Mailchimp will shut down all emails related to cryptocurrencies and blockchain on its platform.

And late yesterday, the People’s Bank of China reiterated that it will continue to apply strict oversight on digital currencies, in order to protect and strengthen the Chinese yuan.

As usual, the losses in bitcoin extended to other major cryptos — most of which are now trading at their lowest levels of the year.

Here’s a summary of today’s price action:

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