Cryptocurrencies continue to plummet

Jamie McKane

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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]
 

KleinBoontjie

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