Why Chinese Cryptocurrency Stocks Fell Hard Again Today

·4 min read
Why Chinese Cryptocurrency Stocks Fell Hard Again Today

Popular cryptocurrency Bitcoin (CRYPTO: BTC) continued its slide on Tuesday as a consequence of China's crypto crackdown. Around 10 a.m. EDT, the price of Bitcoin had fallen below $30,000, according to CoinDesk -- its lowest price per coin since January. Naturally, funds that directly hold bitcoins like Grayscale Bitcoin Trust (OTC: GBTC) had also fallen this morning.

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