Bitcoin Drops Below $30,000 USD as the Crypto Market Takes a Hit

The cryptocurrency market, particularly bitcoin, took a tumble on Wednesday as China tightened its stance on digital coins.According to CNBC, bitcoin dropped by 30 percent, at one point hitting about $30,000 USD before leveling off to about $40,000 USD later in the day. Ethereum and dogecoin also saw losses -- ethereum sunk below $2,000 USD per coin, according to CNN Business, while dogecoin lost nearly 26 percent.The drop came after China banned financial institutions and payment companies from...