Early selling pushed bitcoin down nearly 5% to a low of $752.46 per coin. The cryptocurrency has recovered a portion of its losses and is lower by more than 2% at $772 per coin as of 7:48 a.m. ET. Thursday’s weakness has the cryptocurrency trading at its lowest level in about a month.
Bitcoin has had a wild start to 2017. It rallied more than 20% in the first four trading days of 2017, putting in a high of $1161.88 per coin amid massive interest from China.
