Cryptocurrencies

Bitcoin Approaches Lowest Level in More Than One Year

Bitcoin.com CEO Ver discusses the recent selloff in bitcoin, and his outlook for cryptocurrencies.(Source: Bloomberg)
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Bitcoin’s slump accelerated, with the largest cryptocurrency approaching another fresh low for the year.

The digital token dropped as much as 4.7 percent to $3,549, and is flirting with the prior 2018 low of $3,522 set Nov. 26. It’s trading around the lowest level since September 2017. Bitcoin reached a record high of almost $20,000 last December.