Bitcoin prices are on track for a record second-quarter percentage decline, weighed down by China’s crackdown, concerns the U.S. Federal Reserve will start tapering its stimulus program and persistent demand for downside hedges.
The leading cryptocurrency was trading near $34,824 at 10:39 UTC on Wednesday (6:39 a.m. Eastern time), down almost 41% for the April to June period. The drop snaps a four-quarter winning streak that saw prices chart a sixfold rise to almost $60,000, according to…
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