Bitcoin extends losses, down 10 percent on day

BY

Reuters

-

Mon, 05 Feb 2018 - 03:11 GMT

BY

Reuters

Mon, 05 Feb 2018 - 03:11 GMT

Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December 21, 2017 - REUTERS/Dado Ruvic/Illustration

Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December 21, 2017 - REUTERS/Dado Ruvic/Illustration

LONDON - 5 February 2018: Bitcoin BTC=BTSP, 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.

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