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Offbeat Bitcoin Slips to 2018 Low as Rising Scrutiny Feeds Skepticism

18:52  24 june  2018
18:52  24 june  2018 Source:   bloomberg.com

Bitcoin just hit a new low for 2018. Here's how much you would have lost if you bought at the peak

  Bitcoin just hit a new low for 2018. Here's how much you would have lost if you bought at the peak The price of bitcoin dropped to $5,755 on Sunday afternoon. That marks the lowest point for the cryptocurrency so far in 2018, dipping below the year’s previous low of $5,967, hit on February 6.The price of bitcoin dropped to $5,755 on Sunday afternoon. That marks the lowest point for the cryptocurrency so far in 2018, dipping below the year’s previous low of $5,967, hit on February 6.

► Bitcoin slips to 2018 low as rising scrutiny feeds skepticism ► Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic

24/06/ 2018 . Bitcoin dropped to the most affordable degree this year as stress mounts on the embryonic electronic-currency sector, with international central bankers increasing queries of viability and authorities regulators increasing scrutiny . The major virtual currency fell as much as 5.1 p.c to

(Bloomberg) -- Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny.

The biggest virtual currency fell as much as 5.1 percent to $5,832.68 on Sunday, piercing the previous low of the year of $5,920.72 that was set on Feb. 6, according Bitstamp prices. That bought its decline from the record high of almost $20,000 reached in December to 70 percent.

a screenshot of a video game © Bloomberg  

On Friday, Japan’s Financial Services Agency ordered six of the country’s biggest crypto-trading venues to improve measures to prevent money laundering. The companies must submit their plans by July 23. New pressure in Japan, one of the most crypto-friendly jurisdictions, demonstrated the market’s fragility to regulatory moves in the absence of much positive news.

Bitcoin skids below $6,000, nears 60 percent loss for the year

  Bitcoin skids below $6,000, nears 60 percent loss for the year Bitcoin prices dropped to November lows Friday as investor sentiment struggles to rebound after global regulatory headlines and hacks in recent weeks.Load Error

Bitcoin erased its loss after setting a 2018 low earlier on Sunday, with the volatility reflecting increased scrutiny by government regulators on the embryonic digital-currency sector and global central bankers raising questions about its viability.

Jun 24 2018 18:10. Dave Liedtka and Todd White, Bloomberg. Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny .

Peer-to-peer money also came under fresh pressure in recent weeks after two South Korean exchanges said they were hacked. That raised fresh concerns about the security of investor holdings. India’s central bank gave commercial lenders until early July to stop providing services with any company dealing with digital coins, in an order that’s reportedly being challenged in courts.

Bitcoin pared its slide on Sunday and was down 3.7 percent to $5,918 as of 8:57 a.m. in New York. Bitstamp is one of the major price sources for cryptocurrencies, which have no unified quotation system and can vary substantially among countries.

Bloomberg’s composite pricing, which includes Bitstamp and other sources, showed Bitcoin closed on Friday at $6,070.19.

©2018 Bloomberg L.P.

Rising star Democrat Ocasio-Cortez defends Bronx roots .
Democrat rising star Alexandria Ocasio-Cortez responded to a conservative TV host who questioned her background in the Bronx borough of New York City. Newsmax host John Cardillo tweeted a photo of a home in suburban Westchester County where Ocasio-Cortez spent much of her childhood, saying it's a "far cry from the Bronx hood upbringing she's selling." Ocasio-Cortez's campaign explained her family moved form the Bronx when she was 5 to attend better schools but she moved back after college.Newsmax host John Cardillo tweeted a photo of a home in suburban Westchester County where Ocasio-Cortez spent much of her childhood, saying it's a "far cry from the Bronx hood upbringing she's selling.

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