Cryptocurrencies
Bitcoin Breaches $7,000 in Downbeat End to Dismal Quarter
This article is for subscribers only.
Bitcoin’s miserable quarter isn’t over yet.
The world’s biggest cryptocurrency by market value dropped below the $7,000 mark Friday morning in Asia, the first time it’s breached that level since early February, according to data compiled by Bloomberg. It fell as low as $6,912 before rebounding, trading at $7,094 as of 7:50 a.m in Hong Kong. The moves took the token’s losses in 2018 to a whopping 50 percent, and other digital assets, including rivals Ripple and Litecoin, slumped more.