Cryptocurrencies
Bitcoin Falls to Lowest Since February as Fears of Sales Persist
- Risks include creditors selling tokens returned by Mt. Gox
- Short-term correlation between Bitcoin and stocks is fraying
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Bitcoin fell for a fourth consecutive trading session, reaching the lowest since February, on concerns about potential selling by governments, creditors of a failed exchange and beleaguered crypto miners.
The original digital asset fell as much as 8% to $53,602, before paring the decline by about half. Most cryptocurrencies fell broadly even as stock markets advanced, highlighting the array of challenges facing the industry.