Bitcoin rout continues, records 5th consecutive losing day

elling intensified for digital currencies on Friday, as the price of the No. 1 cryptocurrency bitcoin fell below $9,000 to end a woeful week.

The price of a single bitcoin BTCUSD, +2.64% fell 3.6% to $8,981.03, but bounced off a low of $8,370.80, according to CoinDesk. For the week, bitcoin was down around 20%.

Other cryptocurrencies followed bitcoin lower. Ether is down 0.1% at $702.72, bitcoin cash is off 2.6% to $1,010.38 and Litecoin, after dipping to $160.43, is back in the green, up 6.2% at $188.28, according to CoinDesk.

Ripple, after falling 10% has recovered to be unchanged on the day at $0.83, according to CoinDesk.

The continued slide in bitcoin comes after a sharp drop on Thursday, which some suggested were due to technical factors.

Sourced through Scoop.it from: www.marketwatch.com