FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration
November 20, 2018
LONDON (Reuters) – Bitcoin tumbled more than 7.5 percent on Tuesday to below $4,500 <BTC=BTSP>, knocking off nearly a third in value of the world’s best-known cryptocurrency’s losses within a week as a selloff in digital currencies intensified across the board.
Other cryptocurrencies also fell sharply, with Ethereum’s ether losing 10 percent <ETH=BTSP> and Ripple’s XRP <XRP=BTSP> down 13 percent in a largely sentiment-driven slide.
Bitcoin is now trading at $4,354.20, its lowest level on the Bitstamp exchange since October 2017.
(Reporting by Tommy Reggiori Wilkes; Editing by Saikat Chatterjee)
