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Bitcoin selloff accelerates with more than 10% fall at $7,289 on Bitstamp

Other cryptocurrencies also suffered double-digit declines in their prices on Monday, according to industry tracker

Reuters  |  London 

Bitcoin, the world's best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a global regulatory clampdown on the trading of the digital coins. On the Luxembourg-based Bitstamp exchange, Bitcoin traded as low as $7,289 by 1430 GMT, having now fallen by more than half from a peak of almost $20,000 hit in December. The currency, which surged more than 1,300 percent last year, has lost almost half its value so far in 2018, as more governments and banks signal their intention to crack down. Last week it suffered its worst ...

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First Published: Mon, February 05 2018. 22:02 IST