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Bitcoin tumbles to 2-month low in wake of futures probe

Bitcoin slid to a two-month low on Monday following a media report that US regulators had asked cryptocurrency exchanges to provide trading data for a probe into whether possible manipulation was affecting the digital currency’s futures market.

The cryptocurrency fell as much as 11.5 per cent to as low as $6,627 on Monday, its lowest in two months, according to Reuters data, following the report in the Wall Street Journal. 

Other major cryptocurrencies also fell with ether, the second-largest digital currency in terms of market cap, off 11.2 per cent while Ripple was down 10.6 per cent, according to CoinMarketCap data.

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