Bitcoin falls more than 10 percent on Bitstamp

The price of bitcoin fell more than 10 percent on Wednesday to as low as $15,800 at a cryptocurrency exchange Bitstamp.

It has since pared some of the losses and is down about 7 percent in early trade. The digital currency has been sliding since it had hit a record high of $19,666 on Sunday.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)