Bitcoin slides on environmental concerns but backers hope for a $100k high

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters

Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact.

Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the…

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