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Bitcoin, AMC, Dogecoin: What to Watch in Crypto on Tuesday

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Bitcoin briefly fell below $60,000, less than a week of hitting an all-time high.

Related: Bitcoin Stumbles 6% as Volatile Trading Pattern Continues

The reason behind the price slump is not clear. However, some critics blame China for it. Earlier on Tuesday, Meng Wei, spokesperson for China’s top economic planner, said that they are launching a “full-scale” clampdown on crypto mining.

Back in July, Bitcoin made headlines when it slumped below $30,000.

AMC  (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report Theatres made headlines when it announced that it would be accepting Shiba Inu through BitPay wallets.

On November 15, AMC CEO Adam Aron said that it will happen within 120 days.

"Our friends at BitPay decided to support Shiba Inu specifically because I asked, " CEO Aron said, "so AMC can take Shiba Inu for online payments of movie tickets and concessions."

In October, Aron took a Twitter Poll asking if the chain should accept Shiba Inu.

Dogecoin has briefly plunged to $0.22 per coin before stabling above $0.24. The popularity of Tesla  (TSLA) - Get Tesla Inc Report CEO Elon Musk’s favorite cryptocurrency has slumped after it reached an all-time high, soaring over 70 cents in May.

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RelatedHODL Dogecoin? Cryptocurrency Expert Opines

The emergence of other rival meme-currency like Shiba Inu & Floki Inu is seen as responsible for its fading popularity.

Related: Who Created Shiba Inu Coin and What Is It? 

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