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| Bitcoin tumbles by 15 per cent in steepest fall since futures trading | Bitcoin tumbles by 15 per cent in steepest fall since futures trading |
| (35 minutes later) | |
| Bitcoin tumbled by 15 per cent on Wednesday after it reached record highs of over $19,850 (£14,811) on Monday. | Bitcoin tumbled by 15 per cent on Wednesday after it reached record highs of over $19,850 (£14,811) on Monday. |
| It is the cryptocurrency's steepest decline since before futures trading was introduced on 10 December. | |
| The digital currency is worth $16,998 as of Wednesday morning UK time, according to the Coinbase exchange. | The digital currency is worth $16,998 as of Wednesday morning UK time, according to the Coinbase exchange. |
| The volatile currency plunged by $1,000 within an hour as signs bitcoinmania may be starting to hit a wall. | The volatile currency plunged by $1,000 within an hour as signs bitcoinmania may be starting to hit a wall. |
| The US Securities and Exchange Commission suspended trading temporarily in The Crypto Company, a US based cryptocurrency consultancy, amid concerns over stock manipulation, according to CNBC. | The US Securities and Exchange Commission suspended trading temporarily in The Crypto Company, a US based cryptocurrency consultancy, amid concerns over stock manipulation, according to CNBC. |
| San Francisco-based bitcoin exchange Coinbase said on Tuesday it would allow customers to buy, sell, send and receive Bitcoin Cash, a clone of the original cryptocurrency. | San Francisco-based bitcoin exchange Coinbase said on Tuesday it would allow customers to buy, sell, send and receive Bitcoin Cash, a clone of the original cryptocurrency. |
| Bitcoin Cash was created on 1 August when Hong Kong-based digital currency exchange Bitfinex said a minority of bitcoin miners would be “forking” to create a new version of bitcoin to make trading faster and easier. | Bitcoin Cash was created on 1 August when Hong Kong-based digital currency exchange Bitfinex said a minority of bitcoin miners would be “forking” to create a new version of bitcoin to make trading faster and easier. |
| Bitcoin is notoriously volatile, and its value is expected to continue to fluctuate wildly. | Bitcoin is notoriously volatile, and its value is expected to continue to fluctuate wildly. |
| The rising interest in bitcoin has seen more people invest in alternative cryptocurrencies such as ethereum and litecoin, both of which have seen huge gains in recent weeks. | The rising interest in bitcoin has seen more people invest in alternative cryptocurrencies such as ethereum and litecoin, both of which have seen huge gains in recent weeks. |