Bitcoin Loses a Third of Its Value in Just 5 Days: Plunges Below $13K

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Dec/22/2017

LONDON/TOKYO (Reuters) - Bitcoin plunged below $13,000 (£10,970) on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst week since 2013 after a blistering ascent to a peak close to $20,000 on Sunday.

The biggest and best-known cryptocurrency had seen a staggering twentyfold increase since the start of the year, climbing from less than $1,000 to as high as $19,666 on the Luxembourg-based Bitstamp exchange (BTC=BTSP) on Sunday and to over $20,000 on other exchanges.

It fell to as low as $12,560 on Bitstamp, marking a fall of almost 20 percent on the day.

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