Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth. The top cryptocurrency dropped by $242, or 2.21 percent, to $10,705 as of 16:48 Shanghai time. The move downhill appeared in tandem with the Chinese Yuan, which too fell in the latter half of...The post Bitcoin Cautious as China Reduces Benchmark Rate appeared first on NewsBTC.