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Bloomberg
Bitcoin tumbled below $10,000, bringing its loss to almost 50 percent from a record set only a month ago, as increased scrutiny from regulators around the world weighs on the digital-
coin craze.
The largest cryptocurrency dropped 10 percent to $9,610.05 as of 9:33 am in New York, its first foray below $10,000 since December 1, according to consolidated pricing data collated by Bloomberg. It has fallen from a record $19,511 reached Dec. 18, and seen more than $140 billion shaved off its market value.
The selloff this week brings more trauma to a digital-coin market that has lost more than $300 billion in value just since January 13.
After a dizzying rally pushed Bitcoin higher by 1,400 percent in 2017, the latest plunge cast doubt on the viability of cryptocurrencies and the blockchain technology that underpins it.