News > Why cryptocurrency Bitcoin is headed for its worst week in months

Why cryptocurrency Bitcoin is headed for its worst week in months

LiveMint | 19/11/2021 01:28 PM | Click to read full article

Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a long rally and been spooked by an expectation that creditors of the collapsed crypto exchange Mt Gox might liquidate their payments.

The largest cryptocurrency by market value, bitcoin was down 1.6% at $55,980 by mid-session in Asia, its lowest since mid-October and 20% below last week's record high.