HONG KONG: Bitcoin’s tumble worsened over the weekend, putting the 2018 crash within striking distance of the cryptocurrency’s worst-ever bear markets.
The virtual currency, conceived just over a decade ago, fell as low as US$3,475 on Sunday, bitstamp prices show. It was trading at US$3,949, according to Bloomberg composite pricing. That’s 7.3% below its level last Friday, and 79% below its closing peak in December.
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