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Evening Standard
Evening Standard
Technology
Alex Daniel

Bitcoin value crashes below 90,000 dollar benchmark after record-breaking hack

Bitcoin Crypto Donald Trump Melania Trump Bybit
British banks could face criticism if they follow in the footsteps of JP Morgan’s Chase which moved to block cryptocurrency payments for its UK customers (Alamy/PA) -

The value of Bitcoin has slumped in recent days, falling below the 90,000 US dollar (£71,000) benchmark on Tuesday after a record-breaking billion-dollar hack last week.

The world’s largest cryptocurrency had risen to record highs of 109,000 dollars (£86,100) per Bitcoin late last year, after the industry received the backing of Donald Trump and his new US administration.

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