Bitcoin has had a difficult week. In just five days Bitcoin lost close to a third of its value plummeting below $13,000 on Friday -- a fall of nearly 20 per cent.

The cryptocurrency touched a high of around $20,000 on Sunday and&nbsp;went on to witness its worst today since April 2013.&nbsp;

&quot;Bitcoin had witnessed 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 on Sunday and to over $20,000 on other exchanges,&quot; Reuters reported.&nbsp;

Bitcoin was seen sliding ever since, documenting the sharpest drop today.&nbsp;

It fell to as low as $12,560 on Bitstamp today.&nbsp;

(With inputs from Reuters)&nbsp; 
&nbsp;

In just five days the cryptocurrency lost close to a third of its value

Bitcoin has had a difficult week. In just five days Bitcoin lost close to a third of its value plummeting below $13,000 on Friday -- a fall of nearly 20 per cent. The cryptocurrency touched a high of around $20,000 on Sunday and went on to witness its worst today since April 2013. "Bitcoin had witnessed 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 on Sunday and to over $20,000 on other exchanges," Reuters reported. Bitcoin was seen sliding ever since, documenting the sharpest drop today. It fell to as low as $12,560 on Bitstamp today. (With inputs from Reuters)

Bitcoin crashes below $13,000, worst low since April 2013

Bitcoin value crashed by over 10% on Wednesday to touch $15,800 at a cryptocurrency exchange Bitstamp.

&quot;It has since pared some of the losses and is down about 7 per cent in early trade,&quot; noted a Reuters report.

The recent Bitcoin surge overwhelmed investors and financial experts all across the world as the digital currency touched an all-time high soaring at about $19,666 on Sunday, its value has been sliding ever since.&nbsp;

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With fin-tech on the rise around the world, there is an increasing focus on cryptocurrencies, such as Bitcoin. But how do these currencies operate and how are they managed? (WION)
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Meanwhile, in India, <a href="http://www.wionews.com/business-economy/i-t-dept-conducts-surveys-at-bitcoin-exchanges-country-wide-26625">the IT department</a> has been clamping down on Bitcoin trading, it recently announced to issue notices to 4 to 5 lakh high net-worth individuals (HNI) across the country trading in Bitcoin.

South Korea recently banned its banks from dealing in Bitcoin transactions, the country accounts for nearly 20% of global Bitcoin transactions.

(With inputs from Reuters)

South Korea recently banned its banks from dealing in Bitcoin transactions

Bitcoin value crashed by over 10% on Wednesday to touch $15,800 at a cryptocurrency exchange Bitstamp. "It has since pared some of the losses and is down about 7 per cent in early trade," noted a Reuters report. The recent Bitcoin surge overwhelmed investors and financial experts all across the world as the digital currency touched an all-time high soaring at about $19,666 on Sunday, its value has been sliding ever since. With fin-tech on the rise around the world, there is an increasing focus on cryptocurrencies, such as Bitcoin. But how do these currencies operate and how are they managed? (WION) × Meanwhile, in India, the IT department has been clamping down on Bitcoin trading, it recently announced to issue notices to 4 to 5 lakh high net-worth individuals (HNI) across the country trading in Bitcoin. South Korea recently banned its banks from dealing in Bitcoin transactions, the country accounts for nearly 20% of global Bitcoin transactions. (With inputs from Reuters)

Bitcoin crashes over 10 per cent on Bitstamp

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.&nbsp;

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.

Bitcoin has gone down more than 12 percent from a record high of $16,666.66 to $14,500.76. The drop came after volatile Asian trading on Friday

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.

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

Bitcoin-powered to a record high just below $11,800 on Sunday, continuing its surge from below $1,000 at the start of the year.

The cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange at around 2100 GMT on Sunday.

It was not clear what caused the move higher over the weekend other than new investors joining the upstart market, with so-called wallet-providers reporting record numbers of sign-ups over the past week.

Analysts said Friday&#39;s announcement by the main U.S. derivatives regulator that it would allow CME Group Inc and CBOE Global Markets to list bitcoin futures contracts had turned sentiment positive after a choppy week.

&quot;The price rises are triggered by continued media interest driven by the expectation of futures trading on CME,&quot; Charles Hayter, founder of data analysis website Cryptocompare, said.

By 1230 GMT on Monday, bitcoin had slipped back to around $11,250, still up more than 100 percent over the past three weeks. Sunday&#39;s high marked a 1,121 percent increase since the start of the year.

Think Markets analyst Naeem Aslam said reports Britain wants to increase regulation of bitcoin and other digital currencies by expanding the reach of European Union anti-money-laundering rules that force traders to disclose their identities and report suspicious activity, had knocked bitcoin off its highs.

But others said greater regulatory scrutiny would help.

&quot;If anything, regulation will only increase bitcoin&#39;s rate of growth as regulation lends credibility and engenders trust,&quot; Nicholas Gregory, CEO of London-based cryptocurrency firm commerce block, said.

Sunday&#39;s record high for bitcoin came as Venezuelan President Nicolas Maduro announced the launch of the &quot;petro&quot;, which he said would be a cryptocurrency backed by oil reserves, to shore up a collapsed economy.

Opposition leaders said the digital currency would need congressional approval and some cast doubt on whether it would ever see the light of day in the midst of turmoil.

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The cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange at around 2100 GMT on Sunday

Bitcoin-powered to a record high just below $11,800 on Sunday, continuing its surge from below $1,000 at the start of the year. The cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange at around 2100 GMT on Sunday. It was not clear what caused the move higher over the weekend other than new investors joining the upstart market, with so-called wallet-providers reporting record numbers of sign-ups over the past week. Analysts said Friday's announcement by the main U.S. derivatives regulator that it would allow CME Group Inc and CBOE Global Markets to list bitcoin futures contracts had turned sentiment positive after a choppy week. "The price rises are triggered by continued media interest driven by the expectation of futures trading on CME," Charles Hayter, founder of data analysis website Cryptocompare, said. By 1230 GMT on Monday, bitcoin had slipped back to around $11,250, still up more than 100 percent over the past three weeks. Sunday's high marked a 1,121 percent increase since the start of the year. Think Markets analyst Naeem Aslam said reports Britain wants to increase regulation of bitcoin and other digital currencies by expanding the reach of European Union anti-money-laundering rules that force traders to disclose their identities and report suspicious activity, had knocked bitcoin off its highs. But others said greater regulatory scrutiny would help. "If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust," Nicholas Gregory, CEO of London-based cryptocurrency firm commerce block, said. Sunday's record high for bitcoin came as Venezuelan President Nicolas Maduro announced the launch of the "petro", which he said would be a cryptocurrency backed by oil reserves, to shore up a collapsed economy. Opposition leaders said the digital currency would need congressional approval and some cast doubt on whether it would ever see the light of day in the midst of turmoil.

Bitcoin hits record high of nearly $11,800 after futures lift

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