Bitcoin price drops more than $1,000 in Asian trade


HONG KONG/ TOKYO (Reuters) – Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs.
Bitcoin, the world’s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close.
“With very high volumes on spot but also on leveraged markets, it’s not surprising that after failing to hit the all-time highs, there would be this sort of rapid correction,” said Justin d’Anethan sales manager at digital asset company Diginex.
“While a quick visit in the upper or mid-16,000s is possible, we’re still trending up and with plenty of upside potential,” he added
This year, bitcoin has risen 358.6% from the year’s low of $3,850 …

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