NEW YORK (Bloomberg): A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst.
Bitcoin slid as much as 26 per cent over Sunday (Jan 10) and Monday in the biggest two-day slide since March. After dropping as much as 20 per cent during New York trading hours on Monday, the price continued to fluctuate wildly. Bitcoin has wiped out about US$185 billion in value since Friday, more than the market capitalization of 90 per cent of individual companies in the S&P 500.
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