Cryptocurrencies
Bitcoin Erases Loss, Bounces Back From Lowest Level in 2018
- Cryptocurrency value down about two-thirds from December peak
- Volatility comes amid calls for tighter crypto regulation
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Bitcoin erased its loss after setting a 2018 low earlier on Sunday, with the volatility reflecting increased scrutiny by government regulators on the embryonic digital-currency sector and global central bankers raising questions about its viability.
The biggest virtual currency was up less than 1 percent to $6,181.84 at 5:16 p.m. New York time on Sunday, after earlier falling as much as 5.2 percent to pierce the year’s previous low of $5,920.72 that was set Feb. 6, according Bitstamp prices. That brought its decline from the record high of almost $20,000 reached in December to 68 percent.