Business Standard

Tuesday, December 24, 2024 | 05:48 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Bitcoin plummets more than 12 percent to below $15,000

Image

Reuters TOKYO

TOKYO (Reuters) - Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66.

It was still up more than 30 percent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.

(Reporting by Tokyo markets team; Editing by Kim Coghill)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 08 2017 | 11:06 AM IST

Explore News