Bitcoin slumps below US$7,000


Experts say China is one of the world's biggest sources of bitcoin mining. — Reuters

HONG KONG: Bitcoin continued its 2018 swoon as worries over tightening regulatory oversight of cryptocurrencies combined with a broader flight from riskier assets to send it to the lowest since November.

The largest cryptocurrency sank 9.5% to US$6,424 at mid-morning in Hong Kong, according to composite Bloomberg pricing.

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Business , Ripple , Bitcoin , cryptocurrencies , oversight , value

   

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