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Bitcoin’s Price Consolidates After Last Week’s Chinese Exchange Shakeout
The price of bitcoin has been swinging back and forth in value since our last market update report. Overall, bitcoin proponents seem optimistic about the price as China’s regulatory crackdown is slowly turning into a distant memory. After dipping below the 3,800-4,000 range throughout most of the week. On Friday, September 22, bitcoin’s price stability in that territory headed south – leading to a 5 percent loss in value and a few sub-3,798 during the early morning hours.
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