News Snapshot:
China crypto clampdown sends Bitcoin closer to key $30,000 Level Eric Lam and Joanna Ossinger Share (Getty Images) China’s intensifying cryptocurrency crackdown has left Bitcoin flirting with $30,000, a price level seen as key to the short-term outlook for the largest virtual currency. Bitcoin fell as much as 4.3% Tuesday to $31,171, and for some a breach of $30,000 would hurt sentiment and raise the risk of a steeper selloff. It was trading at $32,850 as of 8 a.m. in London. “We’re most likely going to continue to trade within the $30,000 to $40,000 range and, hopefully, $30,000 will hold...
