Bitcoin Down 50% Since December

Bitcoin is dropping like a rock.

“Bitcoin’s selloff, sparked by fears of a regulatory crackdown, deepened Wednesday with the price of a single coin dropping below $10,000 for the first time since November and its total loss spiraling to 50% 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 1,400%, creating a speculative frenzy for people around the world trying to get rich quick.” [READ MORE]

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