Bitcoin, other cryptocurrencies tumble on govt crackdown worries
LONDON/NEW YORK (Reuters) – Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as worries about a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies. Bitcoin’s slide triggered a selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent on the day at one point, according to trade website Coinmarketcap, and the next biggest, Ripple, plunging by as much as a third. Bitcoin traded as low as $11,191.59 on the Luxembourg-based Bitstamp exchange.
