Bitcoin may tumbled below $30,000 in 2021steemCreated with Sketch.

in #steemit • 4 years ago (edited)

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Bitcoin tumbled below the US$40,000 mark on Wednesday to a three-and-a-half-month low and dragged down the prices of other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.

Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it as low as US$38,514, for a nine per cent fall.

The cryptocurrency has tumbled nearly 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.

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Source: globalnews.ca and CNA 24/7 breaking news

#bitcoin #ethereum #cryptocurrency #crypto #elonmusk #doge #china
4 years ago in #steemit by
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