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Bitcoin drops below $8,000 after Lloyds ban

Banks are reviewing their policies around the buying of crypto assets using credit cards

Bitcoin drops below $8,000 after Lloyds ban

The cryptocurrency sell-off got a reboot on Monday, as bitcoin pushed below $8,000 on news a major UK bank had banned purchases of digital currencies via its credit cards, MarketWatch reports.

Bitcoin was most recently trading at $7,951, a drop of 2.9%, leaving it at levels not seen since late November. The spot price briefly fell below $8,000 on Friday, then recharged and rose to as high as $9,471.46 on Saturday, before dropping back again, according to CoinDesk.com.

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