Bitcoin falls below $38,000. Did the bubble burst?
The famously volatile digital currency fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of risks associated with digital currencies.
The Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker s Choice store in Salem, N.H.(Charles Krupa)
Even by Bitcoin’s standards, Wednesday was pretty wild.
The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours.
Bitcoin-nedturen fortsetter etter kinesisk advarsel
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