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Bitcoin slides below $30,000 level for the first time in a month

Some traders had viewed $30,000 as a key support that might open the way to more losses if breached

Bitcoin
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Officials around the world are also intensifying scrutiny of cryptocurrencies

Eric Lam | Bloomberg
A selloff in Bitcoin accelerated Tuesday, pushing it below $30,000 for the first time in about a month.
The largest digital coin fell 3.6% to $29,667 as of 7 a.m. in New York. Other virtual currencies also retreated, including second-ranked Ether. The Bloomberg Galaxy Crypto Index was down about 4%.

Some traders had viewed $30,000 as a key support that might open the way to more losses if breached. Further big declines from here could rattle the cryptocurrency market and even exacerbate a wider flight from risk assets such as stocks. Global equities are falling due to fears of slowing economic growth