Bitcoin value continues to fall as Weibo suspend some crypto accounts

Bitcoin continued its decline on Saturday after potentially positive catalysts from El Salvador and Square Inc. were unable to assuage investor concerns over Chinese regulatory risks.

The world’s largest digital coin slipped to trade around $35,220 as of 6:31 p.m. in New York, down 5.3% in the past 24 hours. The move extends its downtrend for a second day after a cryptic tweet from Elon Musk that hinted at a potential split with the cryptocurrency.

Weibo, a Chinese social-media service, appears to have blocked some crypto influencer accounts on Saturday, citing violation of unspecified laws and Weibo community rules. While Weibo has cracked down on various crytocurrency-related accounts in the past years,