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:

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Why Governments Might Join the Cryptocurrency Craze: QuickTake

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