Bitcoin plunges to near $7,000 as its slide continues [MSN Money]
JP Morgan Chase & Co. (JPM)
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Source: MSN Money
The price of bitcoin dropped back below $8,000 a coin and closed in on $7,000 Monday amid persisting high volatility in the cryptocurrency markets. Quotes in the article AdChoices Bitcoin initially dropped below $8,000 Friday during a wild day of trading that saw the cryptocurrency drop by as much as 15%, to a low of $7,700, before jumping and eventually ending the day in positive territory, close to $9,000. After a reasonably stable weekend of trading, bitcoin's slump resumed Monday, falling as much as 12% during afternoon trade. As of 10.30 a.m. ET, bitcoin was approaching $7,000 per coin, trading at $7,297, a drop of 11% from its opening price, as the chart below illustrates: © Provided by Business Insider Screen Shot 2018 02 05 at 15.31.07 The crypto market has been on the back foot since the start of the year, hit by fears of a regulatory crackdown and slipping Asian volumes. Bitcoin is now at less than half its Dec
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