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Bitcoin Plummets Under $6,000 To a New Low For the Year (cnbc.com)

Posted by msmash on from the meanwhile-in-crypto-world dept.

Bitcoin's moment of relative stability ended abruptly Wednesday. The world's largest cryptocurrency hit its lowest level of the year, falling as much as 9 percent to a low of $5,640.36, according to CoinDesk. From a report: Bitcoin had been trading comfortably around the $6,400 range for the majority of the fall, a stark contrast from its volatile trading year. Other cryptocurrencies fared even worse on Wednesday. Ether fell as much as 13 percent while XRP, the third largest cryptocurrency by market capitalization, dropped 15 percent, according to CoinMarketCap.com. The rout is likely being spurred by uncertainty around bitcoin cash, according to founder and CEO of BKCM, Brian Kelly.

3 of 132 comments (clear)

  1. Fadcoin by Zorro · · Score: 4, Insightful

    Next bubble will be Pokemon Futures.

  2. And stay down by xack · · Score: 4, Insightful

    I like my planet cool and not roasted for monopoly money.

  3. Re: Finally, I might be able to buy again... by Nidi62 · · Score: 4, Insightful

    I just want graphics cards to be reasonably priced again

    --
    The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil