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International Business Times UK
International Business Times UK
Business
Daniel Joshua Flores

Bitcoin Crashes Under £79,000—Analysts Warn Market Confidence Is 'Slipping Fast'

Bitcoin's rollercoaster year has taken a sharp downturn once again. On Tuesday, the world's largest cryptocurrency slipped under £79,000 ($100,000) for the first time since June, as renewed fears over the US government shutdown and slowing global growth sparked widespread selling.

Once hailed as an unstoppable juggernaut after soaring past £99,000 ($126,000) in early October, Bitcoin has now lost nearly 20% of its value in under a month.

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