Bitcoin Tumbles From Record in Biggest Slump Since Futures

BTCC CEO Bobby Lee discusses the rapid rise of bitcoin and the skepticism about the digital currency.(Source: Bloomberg)

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By Jeremy Herron, Randall Jensen, and Eric Lam (News)

December 19, 2017 at 9:45 PM UTC

Updated on

December 20, 2017 at 2:50 AM UTC

This article is for subscribers only.

Lost in the hubbub over the feeding frenzy in cryptocurrencies and related stocks is the original digital coin itself.

Bitcoin was trading at $16,626.42 at 10:25 a.m. in Hong Kong, down about 15 percent from a record high on Monday. That’s the steepest decline since before futures were introduced on Dec. 10.