Bitcoin drops to 1-year low as slump persists; ethereum down sharply

New York | Bitcoin fell to a more than one-year low on Wednesday, breaching a key support level of $US6000 and causing a wave of selling in the digital currency and other crypto assets in what has been a prolonged market slump that began early this year.

Bitcoin fell to as low as $US5533.09 on the Bitstamp platform. It was down 9 per cent at $US5690.47.

Reuters