Bitcoin Falls Another 8% as Cryptocurrencies Extend Steep Losses

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Bitcoin Falls Another 8% as Cryptocurrencies Extend Steep Losses
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Bitcoin was trading at around $35,000, about half of its value since hitting its November high.

There's also concern U.S. regulators will further crack down on digital currencies. Russia's central bank proposed banning the use and mining of cryptocurrencies earlier in the week. Officials argued it posed threats to financial stability, citizens' wellbeing and its monetary policy sovereignty.

U.S. authorities have also been

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