Bitcoin Further Falls Below $13,000 Investors Sweat
Bitcoin dipped further 21 percent on Friday, adding up to its loss towards 40 percent, the investors look worried.
The world's most popular cryptocurrency dropped to $12,191.80 before trading at $12,975.50 as of 3:47 p.m. in Hong Kong. The Bitcoin has been tumbling from its peak of $19,511, but still 1100% of what it started at the year start.
Other cryptocurrencies also plunged, with bitcoin cash crashing 38 percent and ethereum losing 26 percent over the past 24 hours, according to coinmarketcap.com.
Investors are having a "reality check," said Stephen Innes, head of trading for Asia Pacific at Oanda Corp. "At the heart of the matter was a frenzied demand for coins with limited supply has now led to unsophisticated investors holding the bag at the top."
The plunge comes amid gro...