Bitcoin tumbles after bomb threats that were emailed across the US demanded it for ransom

pulse

December 13, 2018 10:32 PM

Bitcoin tumbled 6% after it was discovered that bomb threats that were emailed around the country demanded it for ransom.

Rotariu uses Romania's first bitcoin ATM in downtown Bucharest

The New York Police Department said the bomb threats that have been reported around the country Thursday afternoon were emailed by someone demanding bitcoin.
Following the news, bitcoin tumbled more than 6%.

plunged more than 6% to near $3,300 a coin after the New York Police Department said that bomb threats that have been emailed around the country

Investors in the digital currency saw its price explode in 2017 as cryptomania swept over the world. Bitcoin began 2017 worth less than $1,000 a coin before soaring more than 2,000% to a high of $19,511.

This year has been a different story, however, with the cryptocurrency's value having plunged by 75%.