BTSP fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U. Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December bitcoin leslies, 2017. 53 in early afternoon trading in New York.
Bitcoin has fallen in six of the last eight trading session. The currency, which surged more than 1,300 percent last year, has lost about half its value so far in 2018, as more governments and banks signal their intention for a regulatory crackdown. Last week bitcoin suffered its worst weekly performance since 2013. Miles Eakers, chief market analyst at Centtrip, which specializes in foreign exchange, worldwide payments and treasury management. Other cryptocurrencies also suffered double-digit declines on Monday, according to industry tracker Coinmarketcap.
40, while Ripple, the third largest, last traded at 71 cents, down 14. Sunday it was banning customers from using credit cards to buy bitcoin. On Monday, India said it was planning steps to make virtual currencies illegal within its payments system and to regulate the trading of crypto assets. Craig Erlam, an analyst at currency broker Oanda, said. Tokyo-based cryptocurrency exchange Coincheck two weeks ago.