11 Apr '13, 11am

BBC News - Bitcoin panic selling halves its value

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 The Bitcoin bubble Skype trojan forces Bitcoin mining Hack attacks hit Bitcoin value The Bitcoin virtual currency lost half its value on Wednesday 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 were worth only $90 ...

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

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