Bitcoin loses third of value over week

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Bitcoin slump sees trades suspended on certain exchanges 22 December 2017 These are external links and will open in a new window Close share panel Image copyright Getty Images Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (£15,000). The…

Bitcoin loses third of value over week

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Bitcoin slump sees trades suspended on certain exchanges copyright Getty Images Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (£15,000). The crypto-currency’s price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000.…

Bitcoin plunges below $12,000, heads for worst week since 2013

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Share By Jemima Kelly and Gertrude Chavez-Dreyfuss NEW YORK/LONDON (Reuters) – Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble. After falling to as low as $11,159, it recouped some losses to…

Bitcoin is crashing – and selling it is not easy

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December 22, 2017 12:29 pm Updated: December 22, 2017 1:58 pm Bitcoin is crashing – and selling it is not easy By Erica Alini National Online Journalist, Money/Consumer Global News WATCH: Bitcoin 101 – what is it and how does it work? Story continues below “People are cashing out,” said David Mondrus, chief executive of…

Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000

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Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing,” Novogratz said Friday in a phone…

Bitcoin’s $187 billion wipe-out

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Bitcoin loses nearly half its value in $187 billion wipe-out as crypto correction continues Frank Chung, news.com.au December 23, 2017 3:22pm BITCOIN has endured one of its bloodiest weeks ever, losing nearly half its value in a frantic investor sell-off that has tested the resolve of the cryptocurrency’s long-term faithful. The 45 per cent plunge…

Can cryptocurrency mania end like Wall Street Crash of 1929?

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Can cryptocurrency mania end like Wall Street Crash of 1929? Published time: 23 Dec, 2017 08:02 Edited time: 23 Dec, 2017 09:39 Get short URL Wall Street, October 1929, as New York Stock Exchange crashed sparking a run on banks that spread across the country © AFP Bitcoin and the cryptocurrency market plunged by almost…

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