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Bitcoin Keeps Plunging After China Escalates Crypto Crackdown

The price of Bitcoin and other cryptocurrencies plunged on Monday as China’s central bank gathered officials from the country’s biggest banks and payment processors to recap on a cryptocurrency services ban and to instruct them to adopt a more active role in restraining cryptocurrency trading and activities involving digital assets.
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New Crypto Appears amid Concerns over Fed Stimulus Cut

Yesterday, despite rumors about Federal Reserve (Fed) officials discussing a plan to cut fiscal stimulus in the face of inflation, most markets closed positive in both the US and Europe. Cryptocurrencies are slowly recovering from last week’s plunge, with Bitcoin reaching $40,000 just as a new cryptocurrency enters the market: