Bitcoin tumble worsens

The crash has now entered the same league as bitcoin

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.