Bitcoin tumbles 5% from record highs amid Turkey's crypto-payments ban starting April 30

REUTERS/Dado Ruvic/File Photo
Bitcoin slipped as much as 5% Friday after reports that Turkey has banned the use of cryptocurrencies.
The move stoked fear among investors of a precedent that other countries may follow.
Cryptocurrencies have become popular in Turkey as a hedge against the lira.
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Bitcoin slipped as much as 5% from record highs on Friday after amid reports that Turkey's central bank will bar the use of cryptocur