Bitcoin Approaches $8,000 Level as March Slump Accelerates



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Bitcoin began the week on a down note, declining as much as 6.8 percent, pushing the biggest cryptocurrency’s decline for March to about 23 percent.

After reaching a record high of almost $20,000 in December, Bitcoin has slumped about 60 percent as investors reconsider the prospects of the digital currency and regulators around the world increase scrutiny.

For more on cryptocurrencies:

ICOs Can Wait: Venture Capital Surges Into Crypto Startups
Bitcoin Pop Culture Moment Fades as Craze Attracts Regulators
Why Governments Might Join the Cryptocurrency Craze: QuickTake


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