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Bitcoin plummets more than 12 percent to below $15,000

Reuters  |  TOKYO 

TOKYO (Reuters) - Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,level after touching a record high above $16,earlier in the session.

Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66.

It was still up more than 30 percent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.

(Reporting by Tokyo markets team; Editing by Kim Coghill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 08 2017. 11:06 IST
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