Bitcoin Tumbles Almost 20% as Crypto Backlash Accelerates

in #money • 6 years ago

Bitcoin tumbled for a fifth day, dropping below $7,000 for the first time since November and leading other digital tokens lower, as a backlash by banks and government regulators against the speculative frenzy that drove cryptocurrencies to dizzying heights last year picks up steam.

By Olga Kharif
February 5, 2018, 5:15 PM GMT+8 Updated on February 6, 2018, 5:11 AM GMT+8
https://www.bloomberg.com/news/articles/2018-02-05/cryptocurrencies-no-haven-as-bitcoin-slides-amid-stocks-rout?srnd=cryptocurriences


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