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Bitcoin matches record losing run in fall to six-month low

Bloomberg
Bloomberg11/26/2019 09:11 AM GMT+08  • 2 min read
Bitcoin matches record losing run in fall to six-month low
(Nov 26): Bitcoin sank to the lowest level in six months, extending this month’s slide on concerns about a crackdown on cryptocurrency operations by China.
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(Nov 26): Bitcoin sank to the lowest level in six months, extending this month’s slide on concerns about a crackdown on cryptocurrency operations by China.

The digital currency plunged as much as 11% to US$6,530 ($8,915) before paring losses to trade at about US$7,149 as of 7:58 a.m. in New York trading. It has tumbled about 22% in November, the biggest monthly decline in a year.

More than 170 Chinese platforms that offer virtual-currency trading and initial coin offerings services have exited business without risks, according to a report Monday from the People’s Bank of China.

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