HomeNewsTechnologyBitcoin slides below $6,000; half its value lost in 2018

Bitcoin slides below $6,000; half its value lost in 2018

Bitcoin slid another 13 percent to below USD 6,000 on Tuesday, bringing the world's best-known cryptocurrency's losses to more than half since the start of 2018.

February 06, 2018 / 15:21 IST
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Unocoin | One of the leading exchanges in India, Unocoin serves a customer base of over a million. It is a member of NASSCOM and has featured among the top 20 out of 350 companies in The FinTech 20: India list. Users are also given a chance to earn free bitcoin by referring the exchange to friends and family.
Unocoin | One of the leading exchanges in India, Unocoin serves a customer base of over a million. It is a member of NASSCOM and has featured among the top 20 out of 350 companies in The FinTech 20: India list. Users are also given a chance to earn free bitcoin by referring the exchange to friends and family.

Bitcoin slid another 13 percent to below USD 6,000 on Tuesday, bringing the world's best-known cryptocurrency's losses to more than half since the start of 2018.

Bitcoin has fallen heavily in recent sessions as worries about a regulatory clampdown on the nascent market and panicked investors push prices lower. The virtual currency hit a peak of almost USD 20,000 in December.

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On the Luxembourg-based bitstamp exchange, bitcoin fell to as low as USD 5,920, its lowest level since mid-November, before recovering slightly. Other cryptocurrencies have also dropped sharply in value this week.

Reuters
first published: Feb 6, 2018 03:07 pm

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