TOKYO, 20 Dec 2017:
The price of bitcoin fell more than 10% today to as low as US$15,800 at a cryptocurrency exchange Bitstamp.
It has since pared some of the losses and is down about 7% in early trade. The digital currency has been sliding since it had hit a record high of US$19,666 on Sunday.
Meanwhile, San Francisco-based bitcoin exchange Coinbase yesterday said it would allow customers to buy, sell, send and receive Bitcoin Cash, a clone of the original cryptocurrency.
Bitcoin Cash was created on Aug 1 when Hong Kong-based digital currency exchange Bitfinex said a minority of bitcoin miners would be “forking” to create a new version of bitcoin to make trading faster and easier.
Coinbase said all customers who held a bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account.
– Reuters