Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges

The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong.

The daily price chart of Bitcoin. Source:

Timeline of exchange FUD in the past month

On Oct. 16, top Bitcoin futures exchange OKEx suspended withdrawals after one of the exchange’s private key holders was reportedly arrested.

Merely 17 days later, speculation that Huobi, a Singapore-based…

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