Business

Bitcoin tumbles nearly 30%; Coinbase temporarily halts trading

The value of bitcoin tumbled nearly 30% during a volatile session Friday, testing investors who have recently sent the cryptocurrency to astronomical heights and marking a major drop for the largest virtual currency in a highly volatile market.

The price of the virtual currency slumped nearly 20 percent on Friday amid expanding losses that set Bitcoin on track for its worst week since 2013 after peaking close to $20,000 last Sunday.

Source: Deutsche Welle

All Sources: Deutsche Welle Los Angeles Times

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