Why are bitcoin prices still plunging?

Some Wall Street watchers think the U.S. Federal Reserve's new hawkish stance on interest rate policy and bond buying is also playing a key role. Regulators in China taking a tougher stance on cryptocurrencies could partially explain the most recent rout in bitcoin prices. Bitcoin prices fell below the key $30,000 level on Tuesday, touching $29,458 at the lows.

Why are bitcoin prices still plunging?


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