Bitcoin Drops Below $7,000 as China Euphoria Fades

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Bitcoin Drops Below $7,000 as China Euphoria Fades
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Though China’s central bank is developing its own digital currency, the government is continuing the broad cryptocurrency crackdown that began in 2017

When Chinese leader Xi Jinping touted blockchain technology in October, the price of bitcoin surged, searches for “blockchain” on one of China’s biggest

search engines soared and shares of related companies jumped.Bitcoin slumped below $7,000 over the weekend, dropping to a six-month low as China reaffirmed...

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