10 Apr '13, 7pm

Bitcoin crashes, losing nearly half of its value in six hours

Real Time Bitcoin Data Services On Wednesday afternoon, the Bitcoin bubble appears to have burst . As of this writing, its current value is around $160—down from a high of $260 . (It fell as low as $130 today.) There is no obvious explanation for why the digital currency has fallen so far and so fast, although the market correcting after such a huge rise might be a good explanation. (Update 4:05pm CT: Bitcoin seems to have somewhat recovered and appears to be hovering around $200.) Some redditors have taken solace in a comment thread entitled "Hold Spartans ." "This is just the market venting some pressure after these huge gains," wrote anotherblog . "To be honest I'm glad it's happening now. If it recovers, it will demonstrate resilience in the market and give confidence to future buyers and current holders that they don't need to panic sell, reduce the chances of a crash...

Full article: http://arstechnica.com/business/2013/04/bitcoin-crashes-l...

Tweets

Bitcoin hits new high before losing $160 in val...

guardian.co.uk 10 Apr '13, 8pm

Bitcoin , the digital currency, lost more than $160 (£104) in value on Wednesday, just hours after hitting a record high. ...

Bitcoin Tumbles 25% In Hours

zerohedge.com 10 Apr '13, 5pm

The dramamine ride aboard the BTC rollercoaster continues. After crossing $200 yesterday and hitting $260 this morning , B...

Bitcoin Has No Intrinsic Value, And Will Never Be A Threat To Fiat Currency

Bitcoin Has No Intrinsic Value, And Will Never ...

businessinsider.com 11 Apr '13, 9pm

REUTERS / Philimon Bulawayo A crisp 100 billion Zimbabwean dollar The best sentence I read today was this one: “It has bee...

An Illustrated History Of Bitcoin Crashes

forbes.com 11 Apr '13, 4am

Wednesday saw one of the largest declines in Bitcoin prices in the cryptocurrency’s lifetime. Many commentators declared t...

BBC News - Bitcoin panic selling halves its value

bbc.co.uk 11 Apr '13, 11am

11 April 2013 Last updated at 10:43 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

Bitcoin

cnbc.com 10 Apr '13, 8pm

Bitcoin staged an impressive comeback Wednesday, after crashing nearly 60 percent earlier to hit a low around $105, erasin...

Panic selling forces Bitcoin crash

bbc.co.uk 11 Apr '13, 10am

11 April 2013 Last updated at 10:43 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

Bitcoin price fluctuates wildly after massive r...

theverge.com 10 Apr '13, 6pm

Open-source currency Bitcoin is currently experiencing an incredibly volatile day — after reaching a daily high of $266 ea...

Bitcoin prices collapse over $100 in a matter of hours

Bitcoin prices collapse over $100 in a matter o...

venturebeat.com 10 Apr '13, 8pm

Virtual currency Bitcoin has seen a massive rise in prices in the past few week, but today that growth halted with a preci...

Bitcoin Value Exceeds $200: Who is a BTC Millionaire Now?

Bitcoin Value Exceeds $200: Who is a BTC Millio...

siliconangle.com 09 Apr '13, 10am

The market for bitcoins has been seeing a surprising amount of attention lately and it is now in the throes of a meteoric ...

Six Things That Could Cause Bitcoin Prices To Crash

Six Things That Could Cause Bitcoin Prices To C...

businessinsider.com 10 Apr '13, 2pm

A sating of demand. At some point, everyone who could ever learn about or use Bitcoin will know about it, and many of them...

So, How Much Bitcoin Value Has Vanished as of This Minute?

So, How Much Bitcoin Value Has Vanished as of T...

theatlanticwire.com 12 Apr '13, 3pm

With all the spikes and subsequent crashes in Bitcoin's value over the last couple of days, it's hard to keep track of how...

Half in 2007. How about now?

yawningbread.org 10 Apr '13, 5am

In addition, the internet enables social mobilisation to an unprecedented degree among hitherto silenced and isolated comm...

Bitcoin Crash Continues — Now Down 77% From Two...

businessinsider.com 12 Apr '13, 12pm

Bitcoin has fallen to $60 this morning. Just Wednesday morning, it topped $266 before a dramatic plunge sent it to $120 . ...

If You Want To Stay On Top Of Bitcoin Value, Fo...

businessinsider.com 09 Apr '13, 2pm

flickr / Zach Copley See Also The Secret Weapon That Makes Bitcoin Impervious To Super-Powerful Quantum Computers 8 Sleepe...