Bitcoin Dips Below $30,000, Yellen Hints at Stablecoin Regulations

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Bitcoin's year has tracked like a pair of tumbling dice in Vegas, dishing out big wins...and big losses. For the second day in a row Tuesday, everything came up snake eyes as the digital currency sank below $30,000 for the first time in nearly a month.

Compounding the pressure on bitcoin and other cryptocurrencies was U.S. Treasury Secretary Janet Yellen, who urged the government to establish a regulatory framework for stablecoins, a fast-growing class of digital currency.

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Source Fool.com