Bitcoin Erases Most of Its 2021 Gains. Here’s What Could Come Next.

By Avi Salzman

Bitcoin fell below $30,000 on Tuesday for the first time since Jan. 28, as China expanded its crackdown on cryptocurrency mining and banking.

As of 9:20 a.m. Eastern time, Bitcoin was trading at $29,625, down 9% in the past 24 hours.

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