Bitcoin plummets toward $13 000, down over 30% from record

2017-12-22 06:23 - Richard Frost, Bloomberg News
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Hong Kong - Bitcoin fell as much as 15% on Friday, extending its loss from its intraday high this week to more than 30%.

The digital currency dropped to as low as $13 048 before trading at $13 649.72 as of 11:36 in Hong Kong.

Bitcoin, which reached $19 511 on Monday, is still up more than 1 300% this year.

The tumble comes amid growing signs of mania for anything cryptocurrency related.

Long Island Iced Tea Corporation shares rose as much as 289% after the unprofitable Hicksville, New York-based company rebranded itself Long Blockchain Corporation.

Bank of Japan Governor Haruhiko Kuroda said on Thursday Bitcoin isn’t functioning like a normal means of payment and is being used for speculation.

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