YESTERDAY the price of bitcoin was down more than 25% from an all-time high of nearly US$20,000 reached this past weekend.
Prices fell to as low as US$14,502 on Friday, about 27% from the all-time high of US$19,783 on Dec 17. Bitcoin’s movements have been increasingly erratic over the last few weeks. This month alone, there were several days where bitcoin’s gains topped US$1,000. Then on Dec 19, it dropped more than US$1,700.
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