RATE Group | Bitcoin sinks nearer to ,000
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Bitcoin sinks nearer to ,000

14 Dec Bitcoin sinks nearer to ,000

Posted at 09:31h in Bitcoin News by

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Bitcoin headed for another weekly slump on Friday, with the largest cryptocurrency heading closer to $3,000 – a level unseen since September last year.

The largest digital currency edged 0.5% higher to $3,272 at 9:35 a.m. in Hong Kong after earlier tumbling as much as 6% in US hours, according to consolidated pricing compiled by Bloomberg. It remains down about 3 percent for the week.

The wider Bloomberg Galaxy Crypto Index is on a five-week losing streak.

Cryptocurrencies have wiped out $730 billion in market value from a January peak this year, according to data compiled by CoinMarketCap.com. Widespread mainstream institutional adoption failed to materialize amid ongoing security concerns and regulatory roadblocks.

A wave of bomb threats demanding Bitcoin spread across the US and Canada Thursday, including New York, Toronto and other major cities. Security researcher KrebsonSecurity posted a copy of the email on its website – the apparent scammers requested payment of…

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