Bitcoin and every other cryptocurrency is plunging amid fear and worry over its future.

Thursday 1 February 2018 17:11 GMT

Bitcoin has fallen nearly 10 per cent over the day, from an already low point over the last week. It’s now fallen to nearly $9,000, a long way from the nearly $20,000 landmark it almost hit in December.

And every other major cryptocurrency – including Ripple XRP, Ethereum and Bitcoin Cash – is also falling. Many of them are seeing more dramatic swings even than bitcoin: Ripple has dropped nearly 14 per cent over the day, after being hit by its own slides over the last week.

The Independent’s bitcoin group on Facebook is the best place to follow the latest discussions and developments in cryptocurrency. Join here for the latest on how people are making money – and how they’re losing it.



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