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China Crypto Clampdown Sends Bitcoin Closer to Key $30,000 Level

  • People’s Bank of China has reiterated ban on crypto services
  • Some say Bitcoin breach of $30,000 could spark heavier losses
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WATCH: Bitcoin's price has dropped to a two week low after Chinese regulators start to crackdown on cryptocurrency activity.(Source: Bloomberg)
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China’s intensifying cryptocurrency crackdown has left Bitcoin flirting with $30,000, a price level seen as key to the short-term outlook for the largest virtual currency.