![\"Bitcoin](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/05\/Bitcoin-below-8000.png\")
<\/a><\/p>\nBitcoin fell to the lowest level in a month, as a two-week selloff dropped the cryptocurrency\u2019s price below $8,000 for the first time since mid-April.<\/p>\n
Bitcoin slumped 3 percent to $7,868.71 as of 8:10 a.m. in New York, according to Bloomberg composite pricing. It\u2019s now down almost 20 percent since a May 4 peak.<\/p>\n
Wednesday\u2019s decline came after OKEx, the most active fee-charging exchange over the past day, suspended withdrawals and fiat trading to fix an error that was leading to inaccurate account balances, according to a statement on its website.<\/p>\n
The latest hiccup come as the world\u2019s most valuable digital coin is mired in a slump amid growing regulatory scrutiny even after last week\u2019s Consensus confab put the community\u2019s optimism and excess in full display.<\/p>\n
The declines on Wednesday also coincided with a selloff in financial markets, with stocks and commodities falling on fading optimism over the U.S.\u2019s talks with North Korea and China. Ethereum was also down 5 percent on Wednesday, while Bitcoin Cash fell 9 percent.<\/p>\n
Bitcoin fell to the lowest level in a month, as a two-week selloff dropped the cryptocurrency\u2019s price below $8,000 for the first time since mid-April.<\/p>\n","protected":false},"author":341034,"featured_media":248316,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696],"tags":[51031,187,49801],"class_list":["post-261207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-51031","tag-bitcoin","tag-price-drop"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/261207"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=261207"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/261207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/248316"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=261207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=261207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=261207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/p>\nNow read:\u00a0South Africans could face trouble for buying Bitcoin from offshore exchanges<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"