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Bitcoin drops to lowest in month as El Salvador rollout falters

Vildana Hajric

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Bitcoin plunged as much as 17 per cent to its lowest level in a month as El Salvador’s crypto rollout got off to a rocky start.

The largest cryptocurrency fell as low as $US43,050 in New York on Tuesday (Wednesday AEST), tumbling more than 10 per cent in the course of an hour, before recouping about half the losses. The Bloomberg Galaxy Crypto Index, which tracks some of the largest digital tokens, lost as much as 19 per cent at one point.

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    Original URL: https://www.afr.com/markets/currencies/bitcoin-drops-to-lowest-in-month-as-el-salvador-rollout-falters-20210908-p58pqd