Bitcoin adds to slump that shook global cryptocurrency market

Bitcoin extended losses on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year. - Reuters

HONG KONG: Bitcoin slowed its decline on Wednesday in the wake of a 23% plunge that rocked the global market for digital assets and sparked deeper questions about its future.

The biggest cryptocurrency slid 2.2% to US$10,487 as of 12:28pm in London, giving up an earlier 10% gain and approaching the US$10,000 level not seen since December.