Not much of a "store of value":
Cryptos slip as Coincheck halts withdrawals
Jan. 26, 2018 6:17 AM ET|By: Yoel Minkoff, SA News Editor
Cryptocurrencies slid overnight after one of Japan's most active Bitcoin venues - Coincheck - halted client withdrawals, spooking investors in a country that's still wary four years after the collapse of Mt. Gox.
"Traders are very sensitive to any news involving the big exchanges,” said Peter Sin, co-head of the digital currency sub-committee at ACCESS. "This will accelerate price declines."
Bitcoin -7.3% to $10,321. Ethereum -5.5% to $997. Ripple -12.9% to $1.14.
Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, LFIN
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