LONDON (Reuters) - 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 1645 GMT 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 destabilise others.
(Reporting by Tom Wilson; Editing by Tom Finn)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 251.5 EUR | +10.52% | +5.26% | - | ||
| 272.8 USD | +1.50% | +6.99% | - | ||
| 0.0249 BTC | +2.36% | +2.84% | - | ||
| 0.8685 ETH | +4.29% | -4.86% | - | ||
| 57,541 EUR | +0.07% | -12.45% | - | ||
| 61,393 USD | +0.25% | -13.29% | - | ||
| 477.9 USD | +3.04% | -26.32% | - | ||
