News Snapshot:
Bitcoin recovered from a five-month low on Tuesday in volatile session in which it fell below $30,000 (roughly Rs. 22.28 lakhs), extending losses sparked a day earlier when Chinaâs central bank deepened a crackdown on cryptocurrencies. But its outlook remained tilted to the downside, analysts said. The worldâs largest cryptocurrency dropped to $28,600 (roughly Rs. 21 lakhs), its lowest since early January. It was last up 3.7 percent at $32,802 (roughly Rs. 24.3 lakhs), and remains about 13 percent higher so far this year. Cryptocurrency Trading Faces Strict Crackdown in China Bitcoinâs earlier fall also pressured smaller coins such as...
