Bitcoin Hovers Near 3-Month Low Amid Sell-Off On Concerns Of Tighter Fed Policy

Bitcoin slumped as much as five per cent on Friday to its lowest since late September, amid a broader sell-off for cryptocurrencies driven by concerns about tighter U.S. monetary policy. Bitcoin was last down more than three per cent at $41,704 after touching $40,938, its lowest since Sept. 29, as a mixed bag of U.S. payrolls data fuelled some bargain buying.