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Bitcoin Drops to 1-Year Low As Slump Persists

Bitcoin fell to a more than one-year low on Wednesday, breaching a key support level of $6,000 and causing a wave of selling in the digital currency and other crypto assets in what has been a prolonged market slump that began early this year. Bitcoin fell to as low as $5,533.09 on the Bitstamp platform. It was down 9 percent at $5,690.47. "For the last few days you could see the consolidation happening and the price was moving on the downside," said Naeem Aslam, analyst at...

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