Bitcoin fell sharply to below $39,000 on Wednesday, its lowest level since February, as news of further restrictions on cryptocurrency transactions in China sparked another major selloff. The world’s number one digital asset bounced back to just above $40,000 as of 8am GMT, but was still trading 11% lower compared to the previous day. The plunge reportedly comes after Chinese authorities banned financial institutions and payment firms from providing services connected to cryptocurrency transactions. Also on rt.com Elon Musk crushes bitcoin again with just one word
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