News Snapshot:
Chinese pressure pushes bitcoin below $30,000 | Photo Credit: BCCL Bitcoin fell below $30,000 Tuesday for the first time in more than five months, hit by China's crackdown on the world's most popular cryptocurrency. Just before 1400 GMT, bitcoin sold for around $28,890, a level last seen at the beginning of the year, with analysts citing Chinese efforts to curb trading and mining operations. It later rebounded slightly to around $30,133 for a daily decline of 7.5 percent. It has lost about 50 percent of its value since hitting an all-time high of $64,870 in mid April. "Concerns mount over...
