10 Apr '13, 6pm

Bitcoin price fluctuates wildly after massive run-up, losing up to 50 percent of value

Open-source currency Bitcoin is currently experiencing an incredibly volatile day — after reaching a daily high of $266 earlier, one Bitcoin is currently valued at $178, though pricing has gone as low as $150 as of this writing. That's a difference of more than $100, quite the roller coaster for Bitcoin investors. This comes in the wake of a pretty massive increase in Bitcoin's value — a few weeks ago, the value of all Bitcoins in circulation broke $1 billion , and even today's volatile pricing is still up significantly from there. While there's no telling what is causing the fluctuations yet, it seems likely that it's a result of jittery investors selling off, which drove the price down — and now more investors are jumping on board. We'll be keeping an eye on the price today to see how high or low it will go.

Full article: http://www.theverge.com/2013/4/10/4209800/bitcoin-price-f...

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