Bitcoin’s terrible run isn’t over yet – CNN

The cryptocurrency has fallen roughly 8% over the past 24 hours, according to Coindesk, and was trading near $33,200 at 4:45 a.m. ET on Tuesday.
Other digital currencies, including ethereum and dogecoin, also fell around 8% or more.
The value of bitcoin has tanked more than 40% over the last month during a torrent of bad news, including a move by one prominent former backer, Tesla (TSLA) CEO Elon Musk, to stop accepting the cryptocurrency as payment for cars. There’s also increasing government scrutiny on cryptos in China and elsewhere.
It’s not clear what is driving the most recent downturn, but there have been a handful of recent developments that may be making investors anxious.
Musk tweeted a meme that appeared to lament the end of his relationship with the cryptocurrency, causing bitcoin’s value to sink on Friday.
El Salvador will adopt bitcoin as legal tender, president says
And over the weekend, several social media accounts related to cryptocurrency were blocked in China — a notable move from a country that has in recent weeks widened its crypto crackdown by banning banks and payment companies from providing crypto-related services, and

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