Bitcoin extends slide to below $4,500; loses 30 percent in a week

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LONDON (Reuters) – Bitcoin tumbled more than 7.5 percent on Tuesday to below $4,500 <BTC=BTSP>, knocking off nearly a third in value of the world’s best-known cryptocurrency’s losses within a week as a selloff in digital currencies intensified across the board.

Other cryptocurrencies also fell sharply, with Ethereum’s ether losing 10 percent <ETH=BTSP> and Ripple’s XRP <XRP=BTSP> down 13 percent in a largely sentiment-driven slide.

Bitcoin is now trading at $4,354.20, its lowest level on the Bitstamp exchange since October 2017.

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