The Business Times
business-time-50

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

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

google-preferred-sourceAdd BT as a preferred source
Published Fri, Dec 22, 2017 · 09:50 PM

    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.

    Bitcoin

    TRENDING NOW

    According to Canadian Prime Minister Mark Carney, the Trump administration wants a say in Canada’s trade negotiations with other countries.

    Will the US-Canada tariff war irrevocably damage bilateral ties?

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    Pine Grove’s collective sales committee has told owners that major repairs and replacements could cost S$15 million to S$21 million if the collective sale fails.

    Pine Grove’s S$1.78 billion en bloc attempt could get fresh start under opt-in to new rules

    “I consider myself lucky. I don’t consider myself successful,” says Ng Yih Pyng, the second-generation leader of Tomei Consolidated.

    What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More