Bitcoin's January fall wipes off $44bn in value
by Alex Hern and Richard Partington from Technology | The Guardian on (#3EVP3)
US investigation into boom stokes fears of impending bust as cryptocurrency records steepest monthly slide in its history
Bitcoin plummeted in value by more than $44bn (30.9bn) in January, marking the steepest monthly fall in its short history.
The slide extended further on Thursday after the Indian government said it would ban all cryptocurrency trading and Facebook announced a ban on digital currency adverts. Bitcoin fell by more than 10%, dropping below $9,000, marking a sharp reverse from its peak of almost $20,000 just before Christmas.
Continue reading...