Bitcoin drops below US$40,000 as regulatory drumbeat grows


Bitcoin's value dropped below RM167,380 for the first time since August, following increased criticism from US regulators. — AFP

Bitcoin fell for a third day, dropping briefly below US$40,000 (RM167,380) for the first time since August in volatile trading, amid rising criticism from regulators.

The largest cryptocurrency by market value traded down about 7% to US$40,552 (RM169,690) as of 5.22pm in New York. Rivals including Ether and Litecoin also slumped.

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