Bitcoin drops 5 percent to one-week low, briefly below $7,700

New York (July 31)  Bitcoin fell 5 percent on Tuesday, briefly going to a one-week low below $7,700 as investors further scaled back their holdings of digital currencies.

At 10:19 a.m. (1419 GMT), the world's biggest and best-known virtual currency BTC=BTSP was down 5 percent at $7,755.84 on the Luxembourg-based Bitstamp exchange.

Reuters