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REUTERS – UPDATE 1-Bitcoin jolted by regulation worries, falls 7 pct on extended selloff

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by January 17, 2018 General

UPDATE 1-Bitcoin jolted by regulation worries, falls 7 pct on extended selloff

Contributed by NAMPA / Reuters.

TOKYO/SINGAPORE, Jan 17 (Reuters) – Bitcoin extended its
sharp tumble of the past 24 hours, skidding more than seven
percent on Wednesday in a rapid downturn in fortunes as
investors were spooked by fears regulators might clamp down on
an asset whose value has skyrocketed in the past year.
The price of the world’s biggest and best-known
cryptocurrency fell to as low as $10,567 on the Luxembourg-based
Bitstamp exchange, not far from its six-week nadir of
$10,1 …

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