Bitcoin falls below USD8,000 as investors pare risks

The world's biggest and best known virtual currency was down 2.64 per cent at $7,999.89 on Luxembourg-based Bitstamp exchange.

Bitcoin fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrencies and other risky assets, weighed down by further losses in technology and internet companies.

At 3:09 p.m. (1909 GMT), the world's biggest and best known virtual currency was down 2.64 per cent at $7,999.89 on Luxembourg-based Bitstamp exchange.

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