February 6, 2018
Bitcoin dropped to its lowest in more than two months.
The digital currency fell to a low of $5,947.40, its lowest since mid November, according to CoinDesk, whose bitcoin price index tracks prices from four major exchanges.
At a price of $6,088.02 at 8:56 a.m. London time, the cryptocurrency was down more than 11.9 percent on the day, according to CoinDesk. The site measures bitcoin based on Coordinated Universal Time — currently the same time zone as the U.K.
With that decline, bitcoin has now lost more than 50 percent for the year so far.
This article was posted: Tuesday, February 6, 2018 at 6:37 am