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Analysis

Bitcoin plunges after China cracks down on crypto – what does this mean for investors?

Bitcoin was in freefall on Wednesday after China banned financial institutions from offering crypto services. Saloni Sardana explores what this means for the market.

Saloni Sardana author headshot
by: Saloni Sardana
19 May 2021
Bitcoin

China banned crypto exchanges and initial coin offerings in 2017

© Liu Yanfeng/VCG via Getty Images

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