Bitcoin Price Tumbles as China’s Central Bank Tightens the Noose on Cryptocurrency Traders

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China’s government dealt the cryptocurrency markets a severe blow on Tuesday, as multiple outlets reported that the central bank officials plan to block residents from accessing foreign cryptocurrency trading exchanges. The news took the wind out of the market’s sails, and led by the bitcoin price, every top 100-cryptocurrency lost value against the US dollar.

The post Bitcoin Price Tumbles as China’s Central Bank Tightens the Noose on Cryptocurrency Traders appeared first on CCN