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Bitcoin tumbles below $8,000, as cryptos cough up $100 billion in value over 24 hours

From marketwatch.com

Bitcoin and other cryptocurrencies came under intense selling pressure on Friday, as concerns over a tighter global regulatory atmosphere chopped more than $100 billion off the market in a day. Bitcoin BTCUSD, -14.42% was most recently changing below the $8,000 level at $7,913, down nearly 13%, according to research and news site CoinDesk.com. Elsewhere in the virtual-currency universe, Ether coins on the Ethereum blockchain sank 17.31% to $860.31, Ripple coins tumbled 24% to 73 cents, and Litecoin slid 18% to $117.61, according to CoinDesk. In just 24 hours, the global cryptocurrency market has lost around $103 ... (full story)

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  • Category: Fundamental Analysis