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cryptocurrency

Bitcoin extends falls as selloff in crypto currencies resumes


© Reuters. FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration

LONDON (Reuters) – extended its falls on Monday to $3,843, down more than five percent from the day’s highs on renewed selling in cryptocurrencies.

Other cryptocurrencies also fell sharply, with Ethereum’s ether down 1.6 percent and Ripple’s down a similar amount in a largely sentiment-driven slide.

Bitcoin was last trading at $3,880 — holding above 2018 lows hit last week. A broad-based selloff in digital currencies has knocked off three-fourth in value of the world’s best known cryptocurrency this year.

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