Bitcoin heads for worst week since 2013 | TheStarTV.com

Business

Bitcoin heads for worst week since 2013

Published on 23 Dec 2017 1:20:06 AM

Bitcoin plunged below US$13,000 on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst week since 2013 after a blistering ascent to a peak close to US$20,000 on Dec 17.

Keywords
market, james hughes, slide, plunge, craig erlam, bitcoin, cryptocurrency, business

Bitcoin plunged below US$13,000 on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst week since 2013 after a blistering ascent to a peak close to US$20,000 on Dec 17.

Keywords:
market, james hughes, slide, plunge, craig erlam, bitcoin, cryptocurrency, business

Up next

Autoplay

PETRONAS' FY23 net profit lower at RM80.7bil amid reduction in average realised prices

PETRONAS paid govt RM40 billion in dividend on 2023

Celebrating success at SOBA

Matrade targets RM2bil potential investments during Malaysia-China summit

Celebrating relentless efforts and perseverance in the trade industry

Trade, investment targets in 2024 achievable, says Zafrul

Toshiba delisted after 74 years, faces future with new owners

Proton launches S70 sedan, targets monthly sales of over 3,000 units

Malaysia Treasury secretary-general discusses record 2024 Budget

World Bank: Malaysia has to open up to foreign participation to get ahead of digitalisation curve

Malaysia needs to formulate medium to long-term revenue strategy -- World Bank

Malaysia's 2023 economic growth expected to moderate to 3.9% - World Bank

Greentech, Felda sign MoU to build waste management plant in Johor

Starbucks pours more investment into China

MITI optimistic about achieving RM63 billion halal export target by 2025

EV investments will have a positive spillover effect for Malaysia, says Zafrul

Malaysia’s inflation rate eases to 2% in July, says Economy Minister

Malaysia not discounting possibility of lawsuits against Goldman Sachs, says Anwar

Bank Negara: Private consumption slowed to 4.3% from 5.9%

Madani economy framework to anchor Malaysia's economy, says Bank Negara

Malaysia's economy grows 2.9% in 2Q 2023 as slower external demand weighs

Malaysia can withstand risk from China's slow economic growth, says Bank Negara

Will AI be an economic blessing or curse?

Why did Fitch downgrade America's credit rating?

Musk signals Tesla may continue to cut prices

Geely to invest US$10bil to make Tanjung Malim the region's largest auto city, says Anwar

27% of jobs at risk of being replaced by AI - OECD

CGC pays tribute to partners, customers in awards ceremony

BNM's discretion to compel exporters to convert proceeds into ringgit, says Zafrul

Three strategies identified to improve attractiveness of local capital market, says PM

Measures taken to make it easier and faster to list on Bursa Malaysia, says PM

Promoting Malaysia’s ESG agenda

Ringgit depreciation against dollar due to uncertainties in US, says Rafizi

SOBA continues to shape new possibilities

Sazzy Falak partners with RHB and SMG to create AI-powered ads for JomSapot BeliLokal

No recession risk for Malaysia, says BNM governor

BNM governor denies OPR rise has resulted in bankruptcies going up

BNM governor: Asian Monetary Fund could be the ‘next step’

A.I. will destroy jobs but eventually create 'massive amounts of wealth,' investment firm says

Malaysia has potential to be regional automotive industry leader, says Anwar

Warren Buffett: I’d give up a year of my life to eat what I like

Here's what's in store for Ethereum's Shanghai upgrade

China continues to be Malaysia's largest trading partner, says Tengku Zafrul

Malaysia's banking system remained well-capitalised in 2H22 - Bank Negara

Ringgit on recovery path after sustained depreciation against US$ in 2022 - Bank Negara

Bank Negara maintains 2023 growth forecast amid global slowdown

Headline, core inflation to average between 2.8% and 3.8% in 2023 - Bank Negara

Economic census 2023 data will allow govt to plan economic policy, says Rafizi

JD.com off target even as China lockdowns lifted

Tengku Zafrul: Malaysia's strong foundation in E&E industry reason for Tesla's entry

Dr Wee questions govt plans for automotive tax structure review

Listing of Petronas must be studied to be in accordance with PDA 1974, says Rafizi

Rafizi: Malaysia can achieve high-income nation status as early as 2026 if growth continues at 4-5%

Malaysia not going into recession in 2023: BNM Governor

Malaysia's GDP grew 7% in 4Q 2022, bringing full year growth to 8.7%

World Bank recommends gradual move towards targeted subsidies for M’sia

GST best tool to boost revenue, says World Bank lead economist

Budget 2023 to be based on updated economic events - World Bank

World Bank: Malaysia's economy to grow at moderate pace of 4.0 per cent this year

OPR can remain at 2.75% if inflation rate continues to subside, says Rafizi

IMF: China recovery could be very quick

Unity Government committed to continuing participation in CPTPP, says Tengku Zafrul

Sime Darby Motors Investing RM500mil To Set Up BYD Showrooms

Rafizi: Economy Ministry to work with other ministries to enhance revenue streams

Overall focus is to turn Malaysia into a high-income nation, says Rafizi

Bursa unveils Shares2share scheme

Malaysia’s top exporters honoured

A night of real estate winners

Honouring hot property developers

Pound hit again as IMF slams UK tax plans

New venture set to revolutionise EV and RE sectors

Bank Negara continually upgrades security measures to combat scams

SK magic eyeing to boost revenue by 23-fold

WIPO: Rise of e-commerce makes it easier to sell counterfeit goods

Japanese yen could weaken 'a bit further,' says strategist

Accelerating Malaysia's ESG agenda

Ringgit falls against more currencies

Tengku Zafrul: The challenge for Malaysia's economy will be fourth quarter of 2022

Malaysia's current account balance records RM4.4bil surplus in Q2

Core inflation forecast at upper range of 2% to 3% in 2022

Malaysia's economy expands 8.9% in Q2, forecast to grow between 5.3% and 6.3%

J&J to end global sales of talc-based baby powder

South Korea pardons Samsung's Lee to help overcome 'economic crisis'

Stronger second-quarter economy

More companies plan to invest in 2H’22

Moderate factory activities likely

CGC fetes partners at its FI/DFI & SME Awards 2021

Expected global recession to hit demand for chips

Foreign investors interest back in Bursa

How China wants to turn the economic tide

Auto sales firm despite OPR hikes

Austerity drive a "double-edged sword"

Stamp duty waiver timely

Tony Fernandes: Travel has become much more valuable and people are willing to pay more

Zafrul: Mechanism for targeted fuel subsidy system a holistic solution

Govt optimistic of country’s positive growth this year, says Zafrul

Aggressive OPR hike to affect economic recovery

Malaysian economy affected by “withdrawal syndrome”

Ratings outlook upgrade a respite

EPF investment income down 17.8% in 1Q’22

Country's economy showing positive growth, says Muhyiddin

RHB’s refreshed three-year game plan

Inflation is the biggest headwind for Malaysia, says Finance Minister

Food inflation to worsen in Malaysia

Excellent exporters to be honoured

Bursa boosted by improved sentiment

BNM: Malaysia's inflation rate moderate, long-term solutions needed

Musk puts $44 billion Twitter deal 'temporarily on hold', shares slide

BNM: Malaysia records 5 percent GDP growth in q1 2022 as economic activity normalises

Bank Negara stresses the need to recalibrate monetary policy

Pegging the ringgit not in Malaysia's best interest: BNM Governor

Innovative solutions to address local, real-world challenges

Malaysia's rate hike shows its central bank believes the economy is in a strong enough position

Adidas CEO: Don't expect growth in China this year

Malaysia's palm oil industry to operate at 90% capacity by end-May, says Zuraida

BOJ doubles down on stimulus, sends yen skidding

Ringgit to strengthen by end-2022, say FX specialists

Palm oil prices jump to six-week high on Indonesia's export ban

CNN+ to shut, further highlighting streaming woes

Ringgit weakens against US dollar, lowest since June 2020

Malaysia can be a role model with 5G rollout

Brighter outlook for small-cap stocks

The Elon Empire: Could Tesla CEO be distracted from crown jewel?

Elon Musk offers to buy Twitter for US$41bil

We're bringing what we think are 'unpolished gems' to market, says Bursa CEO

More IPOs in 2022

Malaysia needs Chinese tourists

The labour market dilemma

Moody’s optimistic on Malaysia GDP

Foreigners return to Bursa Malaysia in a big way

Celebrating the winners of SOBA 2021

FIABCI Malaysia fetes property developers at MPA 2021

BNM: Urgent structural reforms needed

Bank Negara has no immediate plan to issue wholesale or retail CBDC, says governor

Current monetary policy stance remains accommodative, says Bank Negara governor

Malaysia trims GDP outlook, focuses monetary policy on recovery

New minimum wage should be rolled out progressively, says Bank Negara governor

Driving IOI’s vision forward with trust

SC monitors issuance of NFTs

Flex plans to flex Malaysian workforce by 10 percent

Dancing Musk hands drivers first Teslas from new German gigafactory

Farm Fresh jumps 26% on debut

Govt maintains SWN model for 5G rollout

Property developers positive about the second half of 2022

High oil prices to stay

McDonald’s, Starbucks, Coca-Cola and Pepsi close Russian operations

Sentiment on local bourse to pick up

Putra Brand Awards Platinum Winner: Hard work pays off for Guardian

Earnings recovery in 2022

EPF to increase investment in domestic asset classes this year