30 Nov '17, 2pm

Bitcoin loses over a fifth of its value in less than 24 hours

LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. BTC=BTSP . A screen displays the price to purchase Bitcoin at a Bitcoin ATM at the Bitcoin Center NYC in New York City, U.S., November 27, 2017. REUTERS/Brendan McDermid The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours. It then edged back up to trade at around $9,400 in the hour that followed, still down roughly 4 percent on the day. (Graphic: Bitcoin searches exceeds that of Trump - reut.rs/2zSavA6 ) One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times. “Naturally a few of the early bitcoin traders are taking s...

Full article: https://www.reuters.com/article/us-global-markets-bitcoin...

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