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Bitcoin Falling, Can't Turn It Into Dollars Easily

"I took some red on the bitcoin trade and I got out today. This was a short-term trade. Now the story is that regulation has to be put in place for cryptocurrencies. You can buy crypto easily, but cannot turn it into dollars easily as you could a month ago. Therefore, bitcoin volumes are drying up. With Silvergate Capital (SI) shutting down and liquidating, crypto devotees are saying that they are voluntarily doing this," says Bob Iaccino.

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