Bitcoin slumps below a million as regulatory fears intensify
2 months ago, 17 Jan 20:17
Bitcoin skidded below Sh1 million ($10,000) on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year. The price of bitcoin, the world’s biggest and best known cryptocurrency, fell to as low as around Sh950,000 ($9,500) on the Luxembourg-based Bitstamp exchange, the lowest since Dec. 1. Bitcoin had touched a peak of almost Sh2 million ($20,000) in December - and indeed crossed over th ...
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