A bitcoin token sits among cables and LED lighting inside a 'mining rig' computer in this arranged photograph. Cryptocurrencies are not living up to their comparisons with gold as a store of value, tumbling Monday as an equities sell-off in Asia extended the biggest rout in global stocks in two years. File photo: Bloomberg

Bitcoin bombs below US$7,000 as sell-off accelerates amid bank bans and regulation concerns

Bitcoin sank below US$7,000 for the first time since November as it continued its longest run of losses since Christmas Day

Topic |   Bitcoin

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A bitcoin token sits among cables and LED lighting inside a 'mining rig' computer in this arranged photograph. Cryptocurrencies are not living up to their comparisons with gold as a store of value, tumbling Monday as an equities sell-off in Asia extended the biggest rout in global stocks in two years. File photo: Bloomberg
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