Bitcoin sinks to new 13-month low By Reuters November 19, 2018 | 10:29am | Updated
Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum.
As of 11:45 a.m. EST the original cryptocurrency was down 8.7 percent, at $5,100, after breaching the landmark for the first time since Oct. 12, 2017.
Traders said selling was largely sentiment-driven and cited fears that Thursday’s “hard fork” in bitcoin cash, where the smaller coin split into two separate currencies, could destabilize others.
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