INSUBCONTINENT EXCLUSIVE:
selloff.
Bitcoin, the largest digital currency, tumbled as much as 7 per cent to the lowest since mid-August, then pared its loss to 4.8 per
in London, according to prices compiled by Bloomberg
The Bloomberg Galaxy Crypto Index slid by more than 11 per cent, in a third day of losses
tightening are all contributing to market nervousness.
Cryptocurrencies have wiped out more than $600 billion in value from a January peak
as the boom in initial coin offerings last year fades further into memory
Mainstream adoption of digital currencies has failed to materialize this year amid a series of exchange hacks and increased regulatory
Roubini Macro Associates and a professor at NYU Stern School of Business, said in prepared testimony for a US Senate Banking Committee
hearing on cryptocurrencies and blockchain scheduled Thursday in Washington
