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Bitcoin Slides Below $40,000 After China’s New Crypto Ban LONDON Bitcoin tumbled below the $40,000 mark on Wednesday to a three-and-a-half month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it as low as $36,250, a 15 percent drop in the trading session. The cryptocurrency has tumbled 40 percent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.

City ofUnited kingdomSteen jakobsenElon muskUlrik lykkeSaxo bankChief investment officer steen jakobsenCrypto currencyThe epoch timesநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஸ்டீன் ஜாகோப்சென்தலைமை முதலீடு அதிகாரி ஸ்டீன் ஜாகோப்சென்கிரிப்டோ நாணயதி சகாப்தம் முறை