Bitcoin extends losses, down more than 20% to below $6,300


© Reuters. FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration

TOKYO (Reuters) – The price of bitcoin sank almost 20% on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to 10-month highs.

fell to as low as $6,178 at Bitstamp exchange, down 21.6% from the previous close and last stood down 7.8% at $7,266.

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