/Bitcoin Slumps Below $7000 as Cryptos Hit by Risk-Asset Rout

Bitcoin Slumps Below $7000 as Cryptos Hit by Risk-Asset Rout



The largest cryptocurrency sank 9.5 percent to $6,424 as of 10:16 a.m. in Hong Kong, according to composite Bloomberg pricing. Bitcoin has now wiped out about two-thirds of its value since reaching a record in December. Alternative coins Ripple, Ether and Litecoin also tumbled at least 6 percent.

Source: Bitcoin Slumps Below 00 as Cryptos Hit by Risk-Asset Rout