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CRYPTO CRASH: Bitcoin at $8,000, market loses $120 billion in 24 hours
Source: Business Insider
CRYPTO CRASH: Bitcoin at $8,000, market loses $120 billion in 24 hours
Oscar Williams-Grut and Will Martin
21m
• Bitcoin falls to $7,775 per coin on Friday, losing 15%, before rebounding as America wakes up.
• Ethereum, Litecoin, Bitcoin Cash, and Ripple are also all down.
• Concerns over regulation, an advertising ban from Facebook, and investigations into cryptocurrency Tether have all hurt sentiment.
LONDON — The cryptocurrency market's terrible start to the year is deepening, with all major digital assets suffering big falls on Friday.
Most striking is bitcoin, which briefly fell below $8,000 per coin at around midday in London (7.00 a.m. ET).
Bitcoin fell to a low of around $7,700, before rebounding above the $8,000 level by 1.00 p.m. GMT (8.00 a.m. ET)
-snip-
Oscar Williams-Grut and Will Martin
21m
• Bitcoin falls to $7,775 per coin on Friday, losing 15%, before rebounding as America wakes up.
• Ethereum, Litecoin, Bitcoin Cash, and Ripple are also all down.
• Concerns over regulation, an advertising ban from Facebook, and investigations into cryptocurrency Tether have all hurt sentiment.
LONDON — The cryptocurrency market's terrible start to the year is deepening, with all major digital assets suffering big falls on Friday.
Most striking is bitcoin, which briefly fell below $8,000 per coin at around midday in London (7.00 a.m. ET).
Bitcoin fell to a low of around $7,700, before rebounding above the $8,000 level by 1.00 p.m. GMT (8.00 a.m. ET)
-snip-
Read more: http://uk.businessinsider.com/bitcoin-ethereum-ripple-prices-fall-on-february-2-as-100bn-wiped-off-crypto-market-2018-2
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