Wednesday, 19 May 2021 05:21 PM MYT A Bitcoin coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris June 23, 2017. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. BEIJING, May 19 — Bitcoin plunged below US$39,000 (RM161,050) for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them, despite the country powering most of the world’s mining. The comments sent the unit diving more than 10 per cent and dealt it another blow soon after being battered by comments from tycoon Elon Musk and his Tesla car company.