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Bitcoin Falls After Great Streak

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Bitcoin Falls After Great Streak

Bitcoin Falls After Great Streak

Bitcoin slumped more than 8% on Friday as speculators cashed out.

Bitcoin had surged from $5,000 to more than $8,000 this month, but still trades well below its peak of $19,000 in December 2017.

Bitcoin slumped more than 8% to below $7,200 on Friday as investors cashed out following the cryptocurrency's breathless rise this year.

The prices of other cryptocurrencies such as ethereum and litecoin slid by a similar amount, while bitcoin cash and ripple dropped around 12%.


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