Bitcoin Heading for Largest Monthly Decline in Three Years

The cryptocurrency Bitcoin is heading for its sharpest decline since January 2015, CNBC reported Wednesday morning.

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Increased scrutiny from regulators and criticism from major businesses and leaders has weighed on the price have contributed to the sharp drop in price.

In particular, South Korea adapted new rules while stopping short of banning the cryptocurrency completely.

At 12:30 p.m. London time (7:30 a.m. ET), bitcoin had been trading at around $10,249.56.

- Aaron Goldstein, Gambling911.com