Bitcoin drops below US$7,000
Bitcoin continues to tumble with a dramatic fall today, dipping to US$6,145.
Ross Greenwood speaks Lasanka Perera from Independent Reserve, a Bitcoin exchange.
“It’s been quite a day here.
“The uncertainty and doubt have truly taken grip of our market.
Mr Perera puts this down to a fast rise in the market.
“We had quite a feverish run up through Christmas and the early part of January. I think some part of it is we’re having a correction from that.
“That’s been exasperated by a number of news items like China and Facebook banning crypto ads.
“I guess the fear machine has been doing its work.”
Listen to the full interview below