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Bitcoin plummets more than 12pc to below $15,000

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Bitcoin tumbled more than 12 per cent in volatile Asian trading on Friday FILE PHOTO | NMG

Bitcoin tumbled more than 12 per cent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Bitcoin was down 12.6 per cent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66.

It was still up more than 30 per cent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.