China has put an end to bitcoin's euphoric start to the year.
The digital currency soared to its highest level in more than three years last week, topping $1,100 and nearing an all-time record. But since then, its price has plunged more than 30% to around $760 after Chinese authorities stepped up scrutiny of bitcoin exchanges in the country, where the vast majority of bitcoin trading takes place.
China is freaking out bitcoin traders - Jan. 12, 2017
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