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Here's Why Bitcoin Fell Again Today

TheMotleyFool

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The price of Bitcoin (CRYPTO: BTC) took a nosedive for the second day in a row on Tuesday. One reason behind that decline may have been the U.S. Treasury Department's move to sanction a cryptocurrency exchange. As of 3:41 p.m. EDT, Bitcoin had fallen by 3.6% over the prior 24 hours.

The value of the world's leading cryptocurrency had already fallen by about 7% Monday as investors grew concerned that one of China's largest real estate developers, China Evergrande Group, might default on some of its loans.

Image source: Getty Images

Source Fool.com

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