Economic news

Bitcoin sinks by over $1000 in less than 2 days

Bitcoin slumped below $7,000 on Friday, sliding more than 5 percent down on the day, having dropped by well over $1,000 since touching an all-time peak in the middle of the week.

Bitcoin tumbled to $6,800 on the Luxembourg-based Bitstamp exchange, before rising slightly to $6,870 just over 20 minutes later.

On Wednesday, it had hit $7,888 after a software update announced for next week that could have divided the cryptocurrency in two was delayed.

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