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Hong Kong will become a crypto hub. Financial institutions in Mainland China are now banned by Beijing to get involved with cryptocurrency assets at home.
The world's largest cryptocurrency saw a sharp decline of $22,000 over three weeks. Bitcoin's price stumbled during Friday trading. The most popular cryptocurrency dropped to below $22,000, the lowest level it reached in over three weeks.
Changpeng Zhao, the CEO of Binance, is certain that Bitcoin will stay below the $69k mark for the next two years.