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

Bitcoin extends losses, down more than 20% to below $6,300
FILE PHOTO: Tokens of the virtual currency Bitcoin are seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic -  Copyright  Dado Ruvic(Reuters)
Copyright Dado Ruvic(Reuters)
By Reuters
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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.

Bitcoin fell to as low as $6,178 (4,831 pounds) at Bitstamp exchange, down 21.6% from the previous close and last stood down 7.8% at $7,266.

(Reporting by Hideyuki Sano; Editing by Jacqueline Wong)

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