According to Coindesk, the cryptocurrency was trading at 13,155 (£9,822) after its value plunged by $2,000 US dollars in the space of 12 hours.
It comes after a troubled week for Bitcoin in which a cryptocurrency exchange went bust in South Korea following a cyber attack.
Coinbase, another exchange based in the US, also said it was opening an investigation into sharp price increases in the price of a new cryptocurrency called Bitcoin Cash.
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