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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