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Bitcoin tumbles below $40,000

[forrest6748]

Bitcoin tumbles below $40,000 and other coins slide after China signals a
crypto crackdown, wiping $280 billion off the market

https://markets.businessinsider.com/currencies/news/bitcoin-price-cryptocurrencies-china-crypto-crackdown-price-outlook-2021-5-1030445035?nr_email_referer=1&utm_source=sailthru&utm_medium=email&utm_content=opening_bell&utm_campaign=post%20blast%20moneygame:%2010%20things%20you%20need%20to%20know%20before%20the%20opening%20bell&utm_term=10%20things%20before%20the%20opening%20bell%20-%20engaged%2c%20active%2c%20passive%2c%20disengaged

• Bitcoin and other major digital assets sank on Wednesdayafter China warned investors against cryptocurrencies.

• Virtual currencies can't be used to conduct business as they don't have real value, China's central bank said.
• A price drop below $30,000 for bitcoin wouldn't be surprising, a senior market analyst said.

 

[milstogo]

"Don't be scared when Bitcoin is falling. You can schedule purchases as it falls and sales as it recovers. Thats how to make money in this volatile market."  And the best place to do that is with NetCoins!!! The more volatile the market The more money NetCoins makes!!!

[Adwari]

Elon Musk’s Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. He may as well be buying Bitcoin at this low price and we may be surprised to hear him change his mind and make a positive comment on Bitcoin later.