INSUBCONTINENT EXCLUSIVE:
Bitcoin has lost 12.1 per cent since it hit an all-time high of $67,016 on Oct
though the digital currency is still on track for its best month since February.Bitcoin, the world's largest cryptocurrency, fell as much
Smaller coins such as ethereum and ripple which tend to move in tandem with bitcoin also fell between 3.5 per cent- 7 per cent.Bitcoin's
losses were down to traders taking profit from its recent rally, said Tony Sycamore, analyst at City Index
eight months.Bitcoin is facing "a short-term downtrend," said Du Jun, co-founder of major crypto exchange operator Huobi Group, adding that
further falls may be limited given relatively low trading volumes.
