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Bitcoin Slumps to $10,000 After Losing Half Its Value


FILE - A Bitcoin logo is shown at a Bitcoin trading store, Dec. 21, 2017.
FILE - A Bitcoin logo is shown at a Bitcoin trading store, Dec. 21, 2017.

Bitcoin slid to $10,000 on Wednesday for the first time since Dec. 1, leaving the cryptocurrency down by close to half from its peak hit last month.

Bitcoin, the largest and most prominent cryptocurrency, fell more than 11 percent to hit $10,000 on the Luxembourg-based Bitstamp exchange, amid worries about a regulatory clampdown.

The cryptocurrency touched a peak of almost $20,000 in December — and indeed crossed over that threshold on some exchanges — but has since been roiled by several large sell-offs.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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