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Why Bitcoin Continued Falling Today

TheMotleyFool

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The value of Bitcoin (CRYPTO: BTC) continued falling today after China said it was putting restrictions on a major South Korean shipbuilder, Hanwha Ocean Co. The company has some naval contracts with the federal government and owns a shipyard in the U.S.

Bitcoin investors are concerned about escalating tensions between China and the U.S., and pushed the cryptocurrency down by as much as 3.7%. As of 11:53 am ET, Bitcoin was down by 2%.

Image source: Getty Images.

Source Fool.com

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