Cryptocurrencies continued their wild ride last session, with bitcoin falling for a time below the $10,000 mark.
The digital currency tumbled as low as $9,199.59 before paring some losses trade at $11,274.34 at 6:50 a.m. HK/SIN, according to industry site CoinDesk. That’s around 43 percent below the all-time high of $19,783.21 bitcoin hit on CoinDesk in December.
The move lower came after South Korea’s finance minister said this week that the shutdown of cryptocurrency exchanges was an option it was still considering. A Bloomberg report earlier in the week also said China intended to clampdown on the centralized trading of cryptocurrencies.
Meanwhile, the dollar edged up against a basket of currencies on Wednesday. The dollar index stood at 90.939 at 6:56 a.m. HK/SIN, above levels around the 90.6 handle seen around the end of the Asian trading day in the last session.
That came after the euro retreated from a three-year high after several European Central Bank officials on Wednesday noted their concerns over recent strength in the currency. The common currency last traded at $1.2173, compared to a high of $1.2322 seen overnight.
Against the yen, the greenback rose to trade at 111.31.
