Published: Mar 9, 2018 2:36 a.m. ET Regulatory concerns continue to dog digital coins Selling intensified for digital currencies on Friday, as the price of the No.1 cryptocurrency bitcoin pushed below $9,000. The price of a single bitcoin
fell 4.8% to $8,847.85, but bounced off a low of $8,370.80, according to CoinDesk.
In a week, bitcoin has dropped around 20%. Losses were widespread across cryptocurrencies.
Ether was down 4.5% to $671.66, bitcoin cash slid 6.4% to $970.66 and Litecoin fell 6.2% to $166.22, according to CoinDesk. Ripple tumbled 10% to $0.78, according to CoinMarketCap.
The moves build on sharp drops on Thursday, which some suggested were due to technical factors. “If prices firm up over the next few days, then we are back on track and higher prices are ahead of us.
But if we cannot bounce back over the next couple of days, we might test lower prices before the bigger rebound resumes,” said Jani Ziedins on his Cracked Market blog. Others suggested regulatory worries could be rattling investors. Read more from marketwatch.com…
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