Bitcoin hovered just below $10,000 as of 4:30pm in New York. Photo: BloombergNew York: It takes a lot to startle fans of bitcoin, the digital gold of the moment. The dizzying rally in bitcoin, a bull market with few precedents in investing history, was abruptly interrupted by a market outage in the US that seemed to captivate Wall Street even more than the day’s selloff in high-flying technology stocks. The selling reached furious levels shortly after 1pm in New York, when bitcoin fell back below $11,000 and didn’t stop until $9,009. “If bitcoin can’t hold above $10,000, a technical correction could be underway, with a drop to as low as $8,400,” he said.

Source: Mint November 29, 2017 20:32 UTC