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Why are Bitcoin, Ether, Litecoin and other cryptos crashing? Blame China

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Cryptocurrency traders are set to have a rocky day after China’s central bank announced that all cryptocurrency-related transactions are now illegal, reports Bloomberg. The news sent the price of various cryptocurrencies crashing.

As of the time of this writing, bitcoin is down almost 3.5%, according to CoinDesk, since China’s central bank........

© Fast Company

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