01-01-1970 12:00 AM | Source: Reuters
Bitcoin extends losses, down more than 20% to below $6,300
News By Tags | #4261 #881

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TOKYO - The price of bitcoin sank almost 20% on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to 10-month highs.

Bitcoin fell to as low as $6,178 at Bitstamp exchange <BTC=BTSP>, down 21.6% from the previous close and last stood down 7.8% at $7,266.

(Reporting by Hideyuki Sano; Editing by Jacqueline Wong)