Bitcoin extends slide, sheds 5% in Asia- Technology News, Firstpost

SINGAPORE (Reuters) – Bitcoin fell to an almost three-week low on Friday as profit taking and worries about extra regulation drive the cryptocurrency toward a weekly loss of more than 15%.

Bitcoin fell nearly 5% to $29,300 early in the Asia session, its lowest since Jan. 4 and some 30% below its record high of $42,000 hit two weeks ago.

(Reporting by Tom Westbrook; editing by Richard Pullin)

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