Bitcoin crashes $2,500 in four hours after reaching record high of $17,000

Bitcoin dropped sharply today in Asia (Picture: Getty)

The value of Bitcoin nosedived this morning after trading opened in Asia, just four hours after reaching record highs.

The currency dropped by more than $2,500 (£1,853) from its high of $17,000 (£12,602).

However, the relentless rise of the digital currency from $1,000 in January has previously seen occasional sudden drops before increasing again.

At 1.30pm in Hong Kong Bitcoin had fallen to $14,566.81 (£10, 798.38)  Friday which was a 14 percent fall from an earlier high of $17,153.94 (£12,721.36).

New investors, including investment and mutual funds, have piled into the crypto-currency this week propelling the price upwards but today’s drop has been described as ‘healthy’ by… Read the full story

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.