Bitcoin touches a fresh low below $7200 as China worries continue

Bitcoin falls to a low of $7175

Reports that China may be about to block all access to cryptocurrency websites from inside China continues to weigh on Bitcoin and other cryptocurrencies.

It's a sea of red in the space with Bitcoin hitting $7175 today from a high of $8550. It's the lowest since November 16 as the selling intensifies.

Bitcoin is now down 63% from the December high.

That November spike low at $5600 is creeping up and it's going to be a the next critical support level.

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