Bitcoin Plunges More Than 25% in Four Days - News Summed Up

Bitcoin Plunges More Than 25% in Four Days


Investment manias throughout the centuries have ranged from tulips to tech stocks to housing; is bitcoin different? Image/Video: Daniel EpsteinThe booming bull market for bitcoin has hit another speed bump. Bitcoin slumped more than 25% in recent days, falling below $6,000 after touching a record high just shy of $7,900 last week. A canceled software upgrade, concerns about the coming launch of bitcoin futures and fears of an asset bubble weighed on the cryptocurrency, which is known for sharp swings.


Source: Wall Street Journal November 13, 2017 08:06 UTC



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