Bitcoin crashes to lowest this year, losses top 25 percent in a week
Updated : November 21, 2018 06:56 AM IST
Other smaller coins also skidded sharply as a broader cryptocurrency sell-off, said by traders and market makers to be rooted in heavy selling at leveraged Asian exchanges, gathered steam.
The fall followed a sudden plunge last week that shook bitcoin out of a period of relative stability, where prices had hovered around the $6,500 mark for several months.
Ripple's XRP and Ethereum's ether, the second and third-largest coins, fell as much as 14 and 16 percent respectively before clawing back losses in US trading hours.
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