Bitcoin sinks to new 13-month low

FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo - Copyright Dado Ruvic(Reuters)

By Reuters

Published on 19/11/2018 - 10:34•Updated 26/04/2024 - 02:55

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LONDON (Reuters) - Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform <BTC=BTSP>.

Bitcoin was last down 5.2 percent at $5270. The cryptocurrency, and other lesser coins including ethereum and XRP, endured a sell-off last week, with some blaming fears that a "hard fork" in bitcoin cash, where the smaller coin that split into two separate currencies, could destabilise others.