Bitcoin tumbled almost five per cent on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value.
The rout sent bitcoin’s price and the amount invested in bitcoin futures back to where they were in early October, before a massive price surge that sent the token to an all-time high of US$69,000 on Nov.
10. It was last down 3.9 per cent at US$47,567. Read more: Bank of Canada should issue a digital currency, think tank says Traders said the weekend fall was connected to a broad move away from riskier assets in traditional markets over worries about the Omicron COVID-19 variant, combined with lower trading liquidity that tends