Bitcoin prices plunged US$2,000 within one hour to below US$16,000 on Wednesday morning, before paring losses, after the US stock regulator suspended share trading of a cryptocurrency company on concerns about potential stock manipulation.
Bitcoin plummeted from US$17,656 to US$15,577 between 7.45am to 8.45am Hong Kong time, before paring losses by noon, according to the price index on CoinDesk, a specialist virtual currency news site that tracks prices from exchanges such as Bitstamp, Coinbase and Bitfinex.
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