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Bitcoin falls over 7 percent, heads towards one-year low

Reuters  |  LONDON 

LONDON (Reuters) - Bitcoin fell as much as 7 percent on Friday, heading towards a recent one-year low in a broad-based selloff in cryptocurrencies. The world's biggest and best-known cryptocurrency fell to $3,920.35 in late morning trade, heading towards a September 2017 low of $3,474.73 hit on Sunday. Other cryptocurrencies including Ethereum's ether and Ripple's XRP also weakened.Bitcoin and other cryptocurrencies have been mauled in recent weeks, with analysts citing increased U.S. regulatory scrutiny and a delay to January 2019 of the widely-anticipated launch of bitcoin futures by ...

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First Published: Fri, November 30 2018. 16:48 IST
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