Bitcoin price plummets by 20% after Chinese banks announce plans to freeze accounts

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QDP2012

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"In its heyday, Bitcoin’s value soared passed $1,100 but just five months later, the currency’s price has plummeted.

Earlier this week, Chinese banks sent notices to local Bitcoin exchanges stating their accounts would be frozen on April 15 as part of a wider national crackdown.

Chinese trading makes up a large volume of Bitcoin transactions, and the news saw its value drop to $350 - a loss of around $100 in a single day. " -- DailyMail.co.uk

Bitcoin price plummets by 20% after Chinese banks announce plans to freeze accounts -- DailyMail.co.uk
 
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