Bitcoin slumps below a million, half its peak, as regulatory fears intensify

Bitcoin skidded below Sh1 million ($10,000) on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.
The price of bitcoin, the world’s biggest and best known cryptocurrency, fell to as low as around Sh950,000 ($9,500) on the Luxembourg-based Bitstamp exchange, the lowest since Dec. 1.

Bitcoin had touched a peak of almost Sh2 million ($20,000) in December - and indeed crossed over that threshold on some exchanges - but has since been roiled by several large selloffs.