The price of bitcoin fell more than 10 percent on Wednesday to as low as $15,800 at a cryptocurrency exchange Bitstamp.
It has since pared some of the losses and is down about 7 percent in early trade. The digital currency has been sliding since it had hit a record high of $19,666 on Sunday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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