Bitcoin Tumbles 20% as Fears of Cryptocurrency Crackdown Linger | WHAT REALLY HAPPENED


Bitcoin Tumbles 20% as Fears of Cryptocurrency Crackdown Linger

January’s cryptocurrency selloff got fresh impetus on Tuesday when Bitcoin slumped as much as 20 percent, as the prospect of regulatory crackdowns appeared to spread.

While the largest digital coin trimmed its loss and was down 13 percent at $12,146 as of 8:28 a.m. in New York, it was still at the lowest level since late December, according to composite pricing on Bloomberg. As Bitcoin halted its two-day rally, rival cryptocurrencies also tumbled. Ripple sank as much as 33 percent and ethereum dropped 24 percent, before both tokens pared some declines.

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