Sudden Crypto Drop Sends Bitcoin to Three Week Low

KONTAN.CO.ID - SINGAPORE. Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. Bitcoin fell as much as 7,7% to US$ 21.404 over a few minutes during the European morning, at around 0640 GMT. It recovered slightly then continued its downward trajectory to trade around US$ 21.400 at 1138 GMT, down 8,2% on the day.
Ether also dropped around the same time and was last down 8,8% at US$ 1.685. The reason for the drop was not clear.
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