Category Archives: Dollar

Bitcoin's January fall wipes off $44bn in value

US investigation into boom stokes fears of impending bust as cryptocurrency records steepest monthly slide in its history

Bitcoin plummeted in value by more than $44bn (£30.9bn) in January, marking the steepest monthly fall in its short history.

The slide extended further on Thursday after the Indian government said it would ban all cryptocurrency trading and Facebook announced a ban on digital currency adverts. Bitcoin fell by more than 10%, dropping below $9,000, marking a sharp reverse from its peak of almost $20,000 just before Christmas.

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Source: gadt