Bitcoin selloff accelerates as credit-card issuers extend ban
Biggest digital currency, leading digital tokens, retreat
Bitcoin declined for a fifth day, breaking below $7,500 (€6,039) and leading other digital tokens lower, as Lloyds Banking Group joined a growing number of big credit-card issuers halting purchases of cryptocurrencies on their cards.
The biggest digital currency sank as much as 16% to $7,175 as of 10.28am on Monday in New York, according to composite Bloomberg pricing. It has erased more than 60% of its value from a record high $19,511 in December. Rival coins also retreated on Monday, with Ripple losing as much as 14% and Ethereum and Litecoin also weaker.
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