NEW YORK (Reuters) – Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.
FILE PHOTO: A sign is seen outside a business where a Bitcoin ATM is located in Toronto, Ontario, Canada June 3, 2017.
“It looks like the entire market is in a risk-off mood today.
The so-called FAANG group includes Facebook, Netflix (NFLX.O) Inc, Amazon.com Inc (AMZN.O) and Google parent Alphabet Inc (GOOGL.O).
At 3:17 p.m. (1917 GMT), bitcoin BTC=BTSP, the world’s biggest and best known virtual currency was down 2.48 percent at $8,011.69 on Luxembourg-based Bitstamp exchange.

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