Bitcoin has risen considerably recently with a massive inflow of money, sending the market cap to new RECORD HIGHS.
There have been setbacks along the way but this was a BIG HIT. Nearly $200 was erased from the value of Bitcoin as the trading had gone wild.
It seems as though Bitcoin was prevented from surpassing $2300. It was kicked down to about $2100 but that didn’t last long. The price has since risen back to recuperate all of that loss!
From CBNC:
Bitcoin plummets $200 in 4 hours then recovers to fresh record in wild trading that serves as a cautionary tale
Bitcoin erased, then mostly recovered, about $200 overnight.
In contrast, gold futures have traded within a range of about $150 this year.
The digital currency has had other volatile swings this year.
http://www.cnbc.com/2017/05/23/bitcoin-plummets-200-in-4-hours-then-recovers-in-wild-trading.html
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