Bitcoin extends losses, down 10 percent on day
LONDON (Reuters) - Bitcoin, the world's best-known cryptocurrency, extended losses on Monday to slumped 10 percent on the day on back of concerns about a widening regulatory crackdown.
The price of Bitcoin on the Luxembourg-based Bitstamp exchange was trading at $7,289 and has now fallen by more than half from a peak of almost $20,000 hit in December.
(Reporting by Saikat Chatterjee; editing by Sujata Rao)
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