Bitcoin prices have slumped almost 20% this morning from $15,600 (£11,666) to as low as $12,560, following a week of warnings about the cryptocurrency.
The drop comes after a volatile week for bitcoin, which soared to an all-time high on Sunday of $19,666 following the launch of bitcoin futures, up from just $1,000 at the start of the year. But bitcoin is now down 30% from its peak in just a few days. According to The Telegraph, the popularity of Bitcoin Cash, which is a clone that shares its name and many key features, might be to blame. bitcoin's price dropped 10% and fell to $17,000 by Wednesday morning after Coinbase, one of the largest cryptocurrency exchanges, introduced Bitcoin Cash, the paper reports. News of a crash also appea...
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