Bitcoin price news: Bitcoin and cash crash 22 per cent – bubble burst | City & Business | Finance

Bitcoin price news: Bitcoin and cash crash 22 per cent – bubble burst | City & Business | Finance

Bitcoin fell to as low as $5,555 on Sunday in a weekly fall of 22 per cent, its biggest since early July as some traders dumped it for a clone called

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Bitcoin fell to as low as $5,555 on Sunday in a weekly fall of 22 per cent, its biggest since early July as some traders dumped it for a clone called Bitcoin Cash.

Some sceptics have called Bitcoin’s rapid advance a bubble but the digital currency has become too big for many to ignore. 

Even after shrinking by as much as $38 billion since Wednesday, the cryptocurreny boasts a staggering market value of $101 billion.

However...

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