Bitcoin Falls Below $2,000
- Thirty largest digital currencies have tumbled in past week
- Online exchanges consider halting trading as deadline nears
Why Cryptocurrencies Are Selling Off
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Bitcoin fell below $2,000 for the first time since May amid anxiety its dominant status is under threat.
As enthusiasts consider adopting competing updates to the blockchain technology that underpins the exchange method by the end of July, it has raised the possibility of the cryptocurrency splitting in two. Bitcoin has lost about a third of its value since peaking at about $3,000 last month. Calls for a revamp of the software come as exchanges struggled to keep up with rising volumes while the price almost tripled this year.