Bitcoin is down about 30% since reaching a record of almost $69,000 on Nov. 10.
Bitcoin plunged 5.5% to $53,435.9 at 22:04 GMT on Friday, losing $3,112.06 from its previous close.
Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months
Bitcoin last traded around $59,000, down 1% on the day, and off about 12% from the record high of $69,000 set on Nov. 10, while ether was at $4,163, more than 14% lower than its peak $4,868
Bitcoin dropped 7.3% to $44,127 as of 7:33 a.m. in New York, reaching the lowest level in a week
Crypto tumbles amid broad China crackdown, energy usage concerns
China's biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban. Regulators appear to worry that despite the 2013 ban on Chinese banks and other institutions handling cryptocurrencies, the state-run financial system might be indirectly exposed to risks. Beijing also worries users might evade efforts to monitor and control the financial system. The four major state-owned commercial banks and payment service Alipay promised to step up monitoring of customers and block use of their accounts to buy or trade crypto-currencies. Customers are asked to be more aware of risks, safeguard bank accounts and not to use virtual currency-related transactions, China Construction Bank Ltd. said on its website. Similar promises were issued by Industrial and Commercial Bank of China Ltd., Bank of China Ltd., Agricultural Bank of China Ltd., Postal Savings Bank of Chi
Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close.
Cryptocurrencies fought to find a footing after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors
We see a possibility of the Indian government considering forming a panel to regulate cryptocurrencies as digital assets than tokens, Gupta said
Investors with low appetite for volatility must avoid it altogether
There were signs that a top was near, from the Coinbase IPO to Elon Musk on Saturday Night Live. But the cryptocurrency has risen from the dead before
This is the second instance of Mumbai-based WazirX's server crashing this month, and the third since April
The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively
The cryptocurrency has tumbled 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.
Bitcoin's volatile week-long slide saw it tumble to below $40,000 mark as news of further restrictions on cryptocurrency transactions in China added to earlier concerns sparked by Elon Musk's tweets
Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions
Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin
Tesla's biggest decline since September was fueled in part by Musk's comments over the weekend that the prices of Bitcoin and smaller rival Ether 'do seem high'
Bitcoin plunged as much as 17 per cent and briefly back below $50,000 in New York