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What happened to the price of bitcoin?

The price of bitcoin fell about 10% Tuesday to around $32,000 and is on pace for its third straight day of losses, bringing most other cryptocurrency prices down with it. It’s down 50% from its April all-time high.

What happened to bitcoin in 2020?

On the last trading day of 2020, bitcoin closed just under $30,000. In mid-April, it flirted with $65,000. The price bounced around after that, with some notable swings, before taking a decidedly negative turn last week. Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously.

What happened to cryptocurrency?

The flagship cryptocurrency fell to more than three-month lows on Wednesday, dropping to about $30,000 at one point. The recent slide is a reversal from the dramatic rise that started in the second half of last year.

Will government crackdown on Bitcoin trigger another 'crypto winter'?

Bitcoin and related assets have also come under increased scrutiny from regulators around the world as they have grown into a bigger part of the financial markets. “We believe government crackdown on cryptocurrencies can trigger another ‘crypto winter’ and reduced trading activity.

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