Cryptocurrencies struggle to find footing as miners halt operations in China The collapse leaves the world's biggest cryptocurrency back where it traded in February, before Tesla announced a $1.5 billion bitcoin purchase and made a since-reversed decision to accept it as payment for cars Reuters | May 24, 2021 | Updated 14:58 IST Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid on Saturday by tweeting support for crypto in "the true battle" with fiat currencies.