What does the cryptic crossword clue "Renouncing a bitcoin ad that's circulating (10)" mean?

The definition is "Renouncing". The wordplay uses an anagram. anagram of ABITCOINAD ("a bitcoin ad") [anagram: "circulating"] = ABDICATION; definition: "Renouncing" The answer is ABDICATION.

Renouncing a bitcoin ad that's circulating (10)

Times Cryptic #28825 | 3 Across | 2024-01-29 flower

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