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Bitcoin falls below $9,500

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Bitcoin fever exposes cryptocurrency market weaknesses.

Bitcoin fell to a 1-1/2 week low on Wednesday after the US Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety.

At 1:07 pm, the world’s biggest and best-known digital currency BTC=BTSP was last down 7.53 per cent at $9,924.03 on the Luxembourg-based Bitstamp exchange. It fell as low as $9,450 earlier Wednesday, which was the lowest since February 26.

 

Ref:  The Express Tribune

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