Bitcoin plunges $200 after cyber attackers demand ransom using the digital currency

Source: CNBC

“Bitcoin plunged from a record high hit last week to below $1,700 after cyber attackers locked up data in 200,000 computers Friday and demanded ransom in the digital currency. ‘It’s a big hit to sentiment,’ said Brian Kelly, CEO of BKCM. ‘This is some negative publicity for bitcoin.’ Bitcoin fell more than $200 from an all-time high of $1,848.75 reached Thursday to a low of $1,644.64 Friday. The cryptocurrency steadied over the weekend and on Monday traded more than 5 percent lower on the day near $1,676.42.” (05/15/17)