Bitcoin plunges to a three-month low as China crackdown intensifies ...palestine

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Bitcoin crashed again Wednesday morning, falling to its lowest level in more than three months after reports emerged that the Chinese government was intensifying a crackdown on cryptocurrencies. The world’s most valued cryptocurrency fell below $38,000 today, the level last seen in the first week of February. It has lost $28,000 from its all-time intra-day high of April. Other cryptocurrencies also fell sharply, including Ethereum that lost 30% of its value in 24 hours preceding the time of filing of this report. In a joint statement issued on the People’s Bank of China’s WeChat account, banking and internet industry associations said that financial and payment institutions should not

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Last updated : 19 May 2021 clock 05:48 PM

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Bitcoin plunges to a three-month low as China crackdown intensifies ...palestine

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