Markets Weekly: Bitcoin's New Year Starts With a Crash

Markets Weekly: Bitcoin's New Year Starts With a Crash

Bitcoin's price crashed over the New Year weekend, losing $51 over two days. According to the CoinDesk Bitcoin Price Index, the currency opened on Saturday at $314.59 and closed the following day at $263.63. The plunging price got market watchers chattering as Sunday drew to a close. Unsurprisingly, a contingent of bitcoin watchers put a positive spin on the price crash, viewing it as a buying opportunity, albeit with a note of alarm. Bitcoin: blood in the streets, high volumes & $260 april high revisited. In other words: time to buy. - Tuur Demeester (@TuurDemeester) January 4, 2015;....


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