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Cryptocurrencies tumble amid China crackdown on bitcoin miners

Bitcoin slumps in wake of China crackdown

LONDON/TOKYO (Reuters) -Bitcoin tumbled as much as 9% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing thin liquidity and China’s expanding crackdown on bitcoin mining. Bitcoin fell as low as $32,288, its lowest in 12 days, and was last down 7.5%.








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