Host of new wor­ries pushes bit­coin to 4-month low.

The Denver Post - - BUSINESS -

» NEW YORK The price of bit­coin fell to a four-month low of $6,370 on Wed­nes­day, days af­ter South Korean dig­i­tal cur­rency ex­change Coin­rail said hack­ers had stolen over $37 mil­lion, or al­most a third of the vir­tual cur­rency it had stored.

Af­ter Coin­rail an­nounced the theft, the price of bit­coin dropped to $6,333.95 per bit­coin. It is down $1,374.10 in the last week, ac­cord­ing to Coin­base. At 3:30 p.m., bit­coin was quoted at $6,306.95.

The de­cline also fol­lows a Wall Street Jour­nal re­port that U.S. reg­u­la­tors have asked vir­tual cur­rency ex­changes to pro­vide trad­ing data to aid an in­ves­ti­ga­tion into vir­tual cur­rency ma­nip­u­la­tion. The re­ports raised con­cerns about the fu­ture of vir­tual cur­rency mar­kets.

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