RATE Group | Bitcoin sinks nearer to $3 000 level as December losses mount
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Bitcoin sinks nearer to $3 000 level as December losses mount

14 Dec Bitcoin sinks nearer to $3 000 level as December losses mount

Posted at 06:27h in Bitcoin News by

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Fast News

Cryptocurrencies have wiped out $730bn in market value from a January peak.

The largest digital currency edged 0.5% higher to $3 272 at 9:35 am in Hong Kong after earlier tumbling as much as 6%. Picture: Bloomberg

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 am 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% for the week. The wider Bloomberg Galaxy Crypto Index is on a five-week losing streak.

http://www.moneyweb.co.za/

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 materialise amid ongoing security concerns and regulatory roadblocks.

A wave of bomb threats demanding…

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