{"id":253765,"date":"2018-06-24T18:45:02","date_gmt":"2018-06-24T16:45:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=253765"},"modified":"2018-06-24T18:45:02","modified_gmt":"2018-06-24T16:45:02","slug":"bitcoin-hits-lowest-price-in-2018","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/253765\/bitcoin-hits-lowest-price-in-2018\/","title":{"rendered":"Bitcoin hits lowest price in 2018"},"content":{"rendered":"
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Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny.<\/p>\n

The biggest virtual currency fell as much as 5.1% to $5,832.68 on Sunday, piercing the previous low of the year of $5,920.72 that was set on Feb. 6, according Bitstamp prices.<\/p>\n

That bought its decline from the record high of almost $20,000 reached in December to 70%.<\/p>\n

On Friday, Japan\u2019s Financial Services Agency ordered six of the country\u2019s biggest crypto-trading venues to improve measures to prevent money laundering.<\/p>\n

The companies must submit their plans by July 23. New pressure in Japan, one of the most crypto-friendly jurisdictions, demonstrated the market\u2019s fragility to regulatory moves in the absence of much positive news.<\/p>\n

Peer-to-peer money also came under fresh pressure in recent weeks after two South Korean exchanges said they were hacked. That raised fresh concerns about the security of investor holdings.<\/p>\n

India\u2019s central bank gave commercial lenders until early July to stop providing services with any company dealing with digital coins, in an order that\u2019s reportedly being challenged in courts.<\/p>\n

Bitcoin pared its slide on Sunday and was down 3.7% to $5,918 as of 8:57 a.m. in New York. Bitstamp is one of the major price sources for cryptocurrencies, which have no unified quotation system and can vary substantially among countries.<\/p>\n

Bloomberg\u2019s composite pricing, which includes Bitstamp and other sources, showed Bitcoin closed on Friday at $6,070.19.<\/p>\n

\"\"<\/a><\/p>\n

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Read: Bitcoin\u2019s bad year looks to be getting worse<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny.<\/p>\n","protected":false},"author":59,"featured_media":230909,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[5537,26],"class_list":["post-253765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bitcoin","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/253765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=253765"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/253765\/revisions"}],"predecessor-version":[{"id":253773,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/253765\/revisions\/253773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/230909"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=253765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=253765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=253765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}