Jamie McKane
MyBroadband Journalist
- Joined
- Mar 2, 2016
- Messages
- 7,000
- Reaction score
- 1,008
Cryptocurrencies continue to plummet
Cryptocurrencies resumed their slump on Monday, with Bitcoin approaching the $5,000 mark for the first time since October 2017, in the wake of a split of one of the largest major tokens and increased regulatory scrutiny of initial coin offerings.
Bitcoin declined as much as 6.1 percent to $5,119, while so-called alternative coins slumped even more, with Ether tumbling as much as 12 percent and Litecoin cratering as much as 13 percent.
[Bloomberg]
Cryptocurrencies resumed their slump on Monday, with Bitcoin approaching the $5,000 mark for the first time since October 2017, in the wake of a split of one of the largest major tokens and increased regulatory scrutiny of initial coin offerings.
Bitcoin declined as much as 6.1 percent to $5,119, while so-called alternative coins slumped even more, with Ether tumbling as much as 12 percent and Litecoin cratering as much as 13 percent.
[Bloomberg]
