Bitcoin is down today as traders speculate on the potential of the United States altering its monetary policy and China tightening its cryptocurrency rules.

The world's most valuable cryptocurrency is down more than 8% today, trading around $32,900 from approximately $36,000, however, it appears to be rebounding. The dip is the cryptocurrency's worst single-day loss since May 28, as sale pressure is bolstered by a waning positive market mood.

The cause for the sell-off is China's continued pressure on cryptocurrency mining and trade, as the nation targets Weibo accounts of prominent bitcoin thought leaders.


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