Bitcoin Falls Another 10% on China’s Crackdown: Should You be Worried?

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The biggest cryptocurrency in the world by market cap started off the year with a rally that went on for six months, but since then, it has been a bit chaotic. On Monday, Bitcoin slumped to its lowest level in six months after the Chinese central bank, The People’s Bank of China (PBOC), launched a crackdown on cryptocurrencies.

The PBOC warned that there were risks associated with either trading or issuing cryptocurrencies. Considering the sheer size of the Chinese market, it proved to be a blow to BTC, and the token slumped by as much as …

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