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Bitcoin slumps to $10,000 after losing half its value

Bitcoin, the largest and most prominent cryptocurrency, fell more than 11% to hit $10,000 on the Luxembourg-based Bitstamp exchange, amid worries about a regulatory clampdown.

business Updated: Jan 17, 2018 18:58 IST
Reuters, London
The cryptocurrency touched a peak of almost $20,000 in December - and indeed crossed over that threshold on some exchanges - but has since been roiled by several large sell-offs. (File)

Bitcoin slid to $10,000 on Wednesday for the first time since December 1, leaving the cryptocurrency down by close to half from its peak hit last month.

Bitcoin, the largest and most prominent cryptocurrency, fell more than 11% to hit $10,000 on the Luxembourg-based Bitstamp exchange, amid worries about a regulatory clampdown.

The cryptocurrency touched a peak of almost $20,000 in December - and indeed crossed over that threshold on some exchanges - but has since been roiled by several large sell-offs.

First Published: Jan 17, 2018 18:57 IST