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Bitcoin extends slide, falls below $7,000

Bitcoin has fallen in six of the last eight trading session.

Centtrip crypto

NEW YORK (Reuters) – Digital currency bitcoin BTC=BTSP fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.

“We envisage this decline will continue, setting the next technical level at $5,000 a coin,” said Miles Eakers, chief market analyst at Centtrip, which specializes in foreign exchange, worldwide payments and treasury management.

Read the full article:  Reuters

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