Bitcoin prices tumble below $10,000

Dubai: Bitcoin prices fell below the $10,000 mark on Wednesday, and dropped sharply after regulators called for a clampdown on cryptocurrencies post the stellar performance last year.

Bitcoin prices on Bitfinex fell 19 per cent to be at $9,713, after losing a fifth of its value in the previous session.

Bitcoin prices stayed in a range in the past few weeks after witnessing rising as much as 19 times in 2017. The massive price jump had attracted investments from mom and pop investors. Ethereum prices fell 24 per cent to be at $880.85.