Bitcoin plunges 8pc to hit a low below $4,000

5 December, 2018 12:00 AM printer

WASHINGTON: Bitcoin, the world's largest cryptocurrency, hit a low of 3,790.96 U.S. dollars on Monday, down by 8 percent, according to data from CoinDesk, a digital media and services company for the crypto asset and blockchain technology community.

Bitcoin tumbled to its yearly low in late November to about 3,520 dollars per unit on the markets, before struggling to bounce back above the 4,000-dollar mark during the past week. It dropped more than 30 percent in November, reports Xinhua.

Monday's low price was down by more than 60 percent from the same day last year. At that time, Bitcoin was well above the 10,000-dollar mark before reaching a high of 19,395.84 dollars in mid-December 2017.