Bitcoin below $10,000; value halved since mid-December
NEW YORK (AP) — Bitcoin fell below $10,000 Wednesday, extending a sell-off that has erased about half the digital currency's value in one month. Other digital currencies fell sharply as well.
Bitcoin has slumped about 30 percent just this week as traders worry that regulators in South Korea will crack down on trading of digital currencies. The price of bitcoin fell 13 percent to $9,823 as of 1:26 p.m. Eastern Time, according to Coindesk.
Bitcoin hasn't caught on as a currency for buying things, as intended. But it has drawn huge interest from traders, and its price has soared over the past year, and has also had several sharp drops.