Bitcoin fever exposes cryptocurrency market weaknesses.
PHOTO: REUTERS
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.
Congress sets sights on federal cryptocurrency rules
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.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ