BITCOIN enters the weekend suffering more heavy losses, with the digital token losing more than $1,000 in just one week. Here are the latest news and live updates.
“A week of dreadful losses sees bitcoin prices tumble down close to $6,000 a coin, as investors struggle to rally.” – reports Express.co.uk in their rolling coverage.
Bitcoin fell another 4.31 percent to trade at $6,155.74, a loss of just under $1,000 in less than a week.
The rest of the market has suffered from bitcoin’s slump too, with Ethereum losing 11.74 percent on the day to trade at $318.76.
Ripple lost 11.11 percent to trade for $0.299337, while Litecoin fell 9.81 percent to sell for $56.61.
Bitcoin prices are stagnating as the Securities and Exchange Commission (SEC) debates the approval of an exchange-traded fund (ETF) for bitcoin.
Approval of the proposal could see BTC prices skyrocket, but continued uncertainty has seen investors lose confidence.
Analysts predict BTC could plummet as low as $4,000 if the issue isn’t resolved, but is this the end of bitcoin?
Originally published at Express.co.uk