Bitcoin extends drop as investors pare wagers

No more anonymity: The EU wants to crackdown on use of Bitcoins in the wake of the Paris attacks to disrupt the financing of terrorists.

HOUSTON: Bitcoin, the biggest cryptocurrency, extended its decline over the long holiday weekend, failing to reverse a sell-off that began after an unprecedented rally fell short of breaching US$20,000.

The drop brings more end-of-year weakness to a market that last week had its worst four-day tumble since 2015.