Bitcoin, Different Cryptocurrencies Lengthen Weeklong Decline
Bitcoin plunged one other 15% in a single day on Sunday, extending every week of declines after regulators within the U.S. and China ratcheted up scrutiny on cryptocurrencies.
After hovering earlier this 12 months on a wave of investor curiosity, the worth of cryptocurrencies slumped previously week. Bitcoin has shed greater than 30% since Might 16, together with Sunday’s drop. Additionally it is down about 50% from its all-time excessive of $64,788.34 set in April.
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