Bitcoin’s selloff, sparked by fears of a regulatory crackdown, deepened with the price of a single coin dropping below US$10,000 (NZ$13,669) for the first time since November.
Its total loss has spiralled to 50 per cent since its mid-December peak.
The mini-crash in Bitcoin is the latest bout of massive volatility for the upstart cryptocurrency that made big news last year when its price skyrocketed nearly 1400 per cent, creating a speculative frenzy for people around the world trying to get rich quick.
A day after falling 25 per cent, bitcoin plunged another 9 per cent on Wednesday to around US$9635 per coin, or 50 per cent lower than its mid-December peak of around US$19,500.
from Eve’s Feed http://www.stuff.co.nz/business/world/100673607/Bitcoin-selloff-deepens-digital-currency-now-down-50-per-cent-from-recent-peak
from
https://evewilki1971.wordpress.com/2018/01/18/bitcoin-selloff-deepens-digital-currency-now-down-50-per-cent-from-recent-peak/
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