Bitcoin tumbles, erases gains for June

Bitcoin slid to its lowest for the month on Thursday amid a broader sell-off in digital currencies.

Bitcoin briefly dropped more than 12 percent to $2,185.96 Thursday, its lowest since May 31 when it hit a low of $2,162.23, according to CoinDesk. The digital currency recovered to near $2,279 late Thursday morning.

The move highlights the volatile swings by digital currencies — bitcoin remains more than 100 percent higher year to date.

Meanwhile, the global market value of digital currencies fell from a record of $117.21 billion on Monday to below $100 billion Thursday, according to CoinMarketCap.

Bitcoin 30-day performance

Source: CoinDesk