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After hitting all-time high, Bitcoin slides by over $1,000 in 48 hours

Despite losing almost 7 percent this week, bitcoin is still up more than 600 percent so far this year

Reuters  |  London 

Bitcoin dropped below $7,000 on Friday to trade more than 5 percent down on the day, having fallen by well over $1,000 since hitting an all-time high on Wednesday. Bitcoin dropped to $6,800 on the Luxembourg-based Bitstamp exchange by 1200 GMT, before recovering a little to $6,870 just over 20 minutes later. On Wednesday around 1800 GMT, it had touched $7,888 after a software upgrade planned for next week that could have split the cryptocurrency in two was suspended. As bitcoin fell, Bitcoin Cash - a clone of the original that was generated from another split on Aug.1 - ...

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First Published: Sat, November 11 2017. 01:29 IST
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