Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

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Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown
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Bitcoin slid after China pledged to continue to target cryptocurrency exchanges and asked investors to be wary of digital coins.

Bitcoin lost $3,000 in value in just a month as China accelerated a crackdown on businesses involved in cryptocurrency operations.

It jumped to above $10,000 briefly last month after Xi called on his country to advance development in blockchain.Anton Vaganov | ReutersThe world's most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk.

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