WASHINGTON -- While Asia slept, regulatory pressures in China continued to bear on bitcoin, dragging the price of the world's most traded cryptocurrency below $30,000 for the first time since January.
Cryptocurrencies
Bitcoin stumbles below $30,000 under weight of China crackdown
'Downward pressure overwhelmed' digital currency's support, trader says
Bitcoin has drawn renewed scrutiny from Chinese monetary authorities, and its volatility has also put it on U.S. lawmakers' radar for regulation. © Reuters
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