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Bitcoin plummets more than 12 per cent to below $15,000

Reuters
Tokyo, JapanUpdated: Dec 08, 2017, 08:55 AM IST
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Bitcoin was still up more than 30 percent for the week. Photograph:(Others)

Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66. 

It was still up more than 30 percent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.