Bitcoin tumbles below 35K as China cracks down on crypto

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CNBC’s “Squawk on the Street” to discuss the fall in bitcoin and ethereum as China imposes new restrictions on cryptocurrency. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more:

Bitcoin plunged 30% to near $30,000 at one point on Wednesday, continuing a major sell-off in the cryptocurrency markets that began a week ago.

The digital currency hit as low as $30,001.51 as the selling intensified Wednesday before paring some of those losses. The cryptocurrency

Bitcoin tumbles below 35K as China cracks down on crypto
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