SUBSCRIBERS

Bitcoin plunges as 'reality check' hits investors after stratospheric rise

Crash spreads to other cryptocurrencies such as Dash, Litecoin and Ripple

Published Fri, Dec 22, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Tokyo

    BITCOIN prices plunged by a quarter on Friday as investors cashed out just before Christmas after the wildly volatile currency's stratospheric rise in recent weeks.

    The precipitous drop comes after a series of warnings by analysts and governments about a bubble that could burst at any moment as investors, many inexperienced, piled into the unit hoping to enjoy some of the eye-watering gains.

    Share with us your feedback on BT's products and services