Bitcoin tumbled to as low as $8,449, the least since November, in part on concern India may crack down on cryptocurrencies. Photo: ReutersNew York: Bitcoin slumped as much as 15%, sending the digital coin to its low for the year, amid mounting concerns of increased regulation and the viability of the biggest cryptocurrency. That follows a spate of recent negative headlines, including a $500 million heist last week from a Japanese cryptocurrency exchange. While major US exchanges launched Bitcoin futures contracts in December, there has been a push back elsewhere. Naeem Aslam, chief market analyst at TF Global Markets in London said regulatory news are a long-term positive.

Source: Mint February 02, 2018 04:41 UTC