Bitcoin Trending Lower in Lieu of China's Crypto Crackdown

cryptocurrency 4 months ago

Bitcoin registered a series of lower price highs Friday, at one point shaving off $4,000 and meeting resistance at $41,000 following China's renewed anti-crypto stance. The People's Bank of China said bitcoin, ether and stablecoin tether do not qualify as legal tender and cannot be used in the currency market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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