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Bitcoin nosedives as China expands crackdown on cryptocurrency mining

Bitcoin nosedives as China expands crackdown on cryptocurrency mining

The price of bitcoin has nosedived after fresh reports emerged that China has expanded its crackdown on the mining of cryptocurrencies. On Monday morning, Bitcoin traded as much as 9 per cent lower before recovering slightly, New York Post reported. Later on Tuesday, the crypto dipped over 3 per cent to around USD 32,000, according to the CoinMarketCap index.








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