11 Apr '13, 10am

Panic selling forces Bitcoin crash

11 April 2013 Last updated at 10:43 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitcoin panic selling halves its value The value of the virtual currency has soared and crashed in recent weeks Continue reading the main story Related Stories Skype trojan forces Bitcoin mining Hack attacks hit Bitcoin value Could virtual cash replace money? Watch The Bitcoin virtual currency lost half its value yesterday because of a panic sell-off. From a high of $260 (£169) for each Bitcoin, the value dropped to about $130 (£84) in just six hours. The selling frenzy began as Bitcoin's main exchange, MTGox, struggled to keep up with the volume of trade in the virtual currency. MTGox said it was working hard to improve the exchange to avoid future trading problems. Free money The high of $260 marked the end of a steep rise in value for Bitcoins, which we...

Full article: http://www.bbc.co.uk/news/technology-22105322#sa-ns_mchan...

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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...

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