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Bitcoin Battered Below 7K, Cut in Half for 2018
Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to fresh lows below $7,000 in early trading on Friday, reaching its lowest levels since early February. Bitcoin has now lost approximately 50% of its value in 2018. The move comes after the price of Bitcoin rallied 1,400% in 2017. Regulatory uncertainty has pressured cryptocurrencies in 2018. Bitcoin fell below the key psych level of $10K in early March after the Securities and Exchange Commission (SEC ) stated that online platforms trading digital assets that are considered securities need to register with the agency. More recently ... (full story)
