Amid regulation fears, Bitcoin bombs Nearly 50% in days, Alt-coins crash

Amid regulation fears, Bitcoin bombs Nearly 50% in days, Alt-coins crash

Bitcoin, the best known of hundreds of ‘virtual’ coins, slumped Tuesday to a six-week low below $12,000 as analysts blamed a rush by various jurisdictions to regulate the sector. The final weeks of last year were marked by bitcoin mania as the unit topped $20,000, but it lost some 20 percent in Tuesday trading which saw…