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Bitcoin Trending Lower on China Crackdown; Support at $36K-$40K — CoinDesk

Bitcoin Trending Lower on China Crackdown; Support at $36K-$40K — CoinDesk

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Bitcoin (BTC) sellers have been lively throughout Asia hours after China’s central financial institution declared cryptocurrency associated enterprise unlawful. BTC slipped beneath $42,000 and is down about 3% over the previous 24 hours. Initial assist is seen at $40,000, which might stabilize the pullback.

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