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Bitcoin Is Crashing (businessinsider.com)

Posted by msmash on from the what's-happening dept.

An anonymous reader writes: Bitcoin is getting smashed. The cryptocurrency was down 18% to about $892 per coin as of 8:17 a.m. ET on Thursday. It is the biggest drop in two years. Earlier this week, on its first trading day of the new year, Bitcoin crossed above the $1,000 mark for the first time since 2013, but it has now tumbled below that level.

2 of 296 comments (clear)

  1. Re:Previous article by buchner.johannes · · Score: 2, Informative

    Both articles actually state that Bitcoin strongly anti correlates with the yuan.

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    NB: The message above might reflect my opinion right now, but not necessarily tomorrow or next year.
  2. Re:Up by houstonbofh · · Score: 4, Informative

    Almost like people have never seen speculative corrections before...