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Bitcoin tumbles below $3K as China reportedly orders exchange halt

Published 09/15/2017, 07:47 AM
© Reuters.  Bitcoin tumbles below $3K as China reportedly orders exchange halt
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  • According to a Bloomberg report, Beijing aims to stop exchange trading of cryptocurrencies by the end of this month. The order apparently applies only to trading on exchanges - authorities apparently have no plans to ban over-the-counter transactions.
  • Bitcoin is lower by nearly 10%, bringing the week's losses to nearly 30%, and now sits below $3K.
  • Some believe China will allow exchanges to reopen after the government puts a better regulatory framework in place.
  • Related tickers: OTCQB:BTCS, OTCPK:BTSC, OTCQX:GBTC, OTC:ARSC, OTCPK:GAHC
  • Now read: Why Bitcoin Is The Investment Of The Decade


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