Bitcoin price LIVE: $8k BTC sinking as PayPal CEO calls it a 'pump-and-dump scheme'

BITCOIN continued to fall overnight and lost a massive $880 from its highest point this week. Hope of a speedy recovery to $10,000 now seems unlikely, and one of PayPal’s founders has described the technology as, “a colossal pump-and-dump scheme, the likes of which the world has never seen.”

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