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

Published 09/15/2017, 07:47 AM
Updated 09/15/2017, 07:47 AM
© Reuters.  Bitcoin tumbles below $3K as China reportedly orders exchange halt
  • 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


Original article

Latest comments

Or a flood of shorts and panic Chinese sellers buying/selling the news?
next candle after this article it is up 200$.. check your articles when you post
The squeeze is in. #beartrap I'm fading the mess out of this rally the second it reverses.
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