Bitcoin slips below $8,000 as investors pare risks

Bitcoin fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices and other risky assets, weighed down by further losses in technology and internet companies.

At 3:09 p.m. (1909 GMT), the world`s biggest and best known virtual currency was down 2.64 percent at $7,999.89 on Luxembourg-based Bitstamp exchange.

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