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The price of Bitcoin has fallen below $34,000 (£24,030) for the first time in three months, after China imposed fresh curbs on cryptocurrencies.

On Tuesday, three state-backed organisations, including the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China issued a warning on social media.

On Monday the crypto-currency was down 22%, a fall of about $6,000 in the last 24 hours.

Meanwhile, other digital coins such as Ethereum and Dogecoin lost as much as 25% and 29% respectively.

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