2018-6-29 16:22 |
FILE PHOTO: A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela February 23, 2018.
REUTERS/Marco Bello Virtual currencies, including the best-known and biggest, bitcoin, have been stuck in a downward trend for most of 2018 after last year’s frenzied interest fizzled.
Recent hacks and the “cyber intrusion” of cryptocurrency exchanges in key Asian markets has also encouraged investors to exit.
Bitcoin fell to as low as $5,774 BTC=BTSP on the Bitstamp exchange, the lowest since Nov. 12.
So far in 2018, bitcoin has tumbled almost 60 percent after soaring more than 1,300 percent last year.
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