The value of Bitcoin dropped below $10,000 as a prolonged sell-off of the cryptocurrency continued on Wednesday. The value of Bitcoin dropped below $10,000 as a prolonged sell-off of the cryptocurrency continued on Wednesday. Bitcoin was trading 13% lower at $9,769, (£7,065) according to Coindesk data, a dramatic fall from its December highs of nearly $20,000 (£14,465). “This bout of selling appears to have been sparked by a tightening of the regulatory noose on the wider cryptocurrency market. His comments came just a day after JP Morgan chief executive Jamie Dimon said he regretted calling Bitcoin a “fraud”.

Source: Irish Independent January 17, 2018 16:30 UTC