Bitcoin Slumps to $10,000 After Losing Half its Value

The cryptocurrency touched a peak of almost $20,000 in Dec and indeed crossed over that threshold on some exchanges

Bitcoin slid to $10,000 on Wednesday for the first time since 1 December, leaving the cryptocurrency down by close to half from its peak last month.

(Photo: Reuters)

Bitcoin slid to $10,000 on Wednesday for the first time since 1 December, leaving the cryptocurrency down by close to half from its peak last month.

Bitcoin, the largest and most prominent cryptocurrency, fell more than 11 percent to hit $10,000 on the Luxembourg-based Bitstamp exchange, amid worries about a regulatory clampdown.

The cryptocurrency touched a peak of almost $20,000 in December – and indeed crossed over that threshold on some exchanges – but has since been roiled by several large sell-offs.

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