Bitcoin Halts Decline After Plunging on China's Coin Offerings Ban
- Decline follows 11% tumble Monday after China banned ICOs
- Cryptocurrency still up more than 50 percent since July
Bitcoin Tumbles After China Halts Initial Coin Offerings
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Bitcoin steadied after its biggest drop since June as investors and speculators reappraised the outlook for initial coin offerings.
The cryptocurrency pared a decline of as much as 6 percent on Tuesday and was at $4,390 as of 9:39 am. in London. It’s still up more than 50 percent since the end of July.