Bitcoin falls from record high to under US$11,000

Source: Xinhua | 2017-12-05

BITCOIN dipped back under US$11,000 yesterday, coming off a record high just shy of US$11,800 it hit on Sunday after a surge from under US$1,000 at the start of the year.

The cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as US$11,799.99 on the Luxembourg-based Bitstamp exchange at around 2100 GMT on Sunday. It was not clear what caused the move higher over the weekend other than new investors joining the upstart market.