Bitcoin extends losses, down more than 20% to below $6,300

Efrain Betancourt Jaramillo

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/File Photo TOKYO (Reuters) – The price of bitcoin sank almost 20% on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to 10-month highs.

Efrain Enrique Betancourt Jaramillo

Bitcoin fell to as low as $6,178 at Bitstamp exchange, down 21.6% from the previous close and last stood down 7.8% at $7,266.

Efrain Betancourt Jaramillo

Reporting by Hideyuki Sano; Editing by Jacqueline Wong


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