
Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (£15,000).
The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000.
Amid the swings, three Bitcoin-related exchanges suspended certain trades.
Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year was about $1,000.
It has skyrocketed since - more than doubling in value since November - drawing interest from major firms as well as private investors.
But since Sunday Bitcoin has been on a losing streak, falling back to where it was at the start of December.
Analysts said investors should be prepared for such rapid changes, which have characterised the asset from its start.
"This is exactly how this asset trades and has done since the beginning," said Nick Colas, co-founder of New York-based DataTrek Research. "It has a lot of volatility and it will for the foreseeable future."
What happened on Friday?
This week's plunge led to a flood of trades that swamped one of Bitcoin's major exchanges, Coinbase, on Friday. A technical slowdown prompted the firm to halt buying and sellingtwice.
- Is Asia driving the Bitcoin craze?
- What is Bitcoin?
- 'Be ready to lose your money'
The CME and CBOE exchanges in the US also temporarily suspended trading of certain Bitcoin futures contracts, which allow investors to bet on where they expect the price of Bitcoin to be at certain points in the future.
The exchanges have automatic brakes that apply once a commodity or asset has moved by a certain amount - as happened in this case.
What sparked the slump?
The market remains driven by sentiment, according to Charles Hayter, founder and chief executive of industry website Cryptocompare.
"A manic upward swing led by the herd will be followed by a downturn as the emotional sentiment changes," he said.
Some traders would have been cashing in on the spectacular gains made over the year, he added.

Concerns about the infrastructure behind crypto-assets may also be spooking investors, said Nick Colas, himself a Bitcoin trader.
In recent weeks, markets have been rattled by hacks and allegations of insider trading.
He attributes some of this week's slump to the launch of a new crypto-asset that came earlier than planned. The surprise temporary shutdown of Coinbase on Friday was the kind of thing that could erode investor confidence, he argued.
"It is not OK to just take trading offline randomly through the day," he said. "The robustness of that system is just as important to their confidence... as the price of crypto-currencies themselves."
A spokesman for Coinbase said the firm was working around the clock to ensure smooth trading. Friday's suspensions lasted for about two hours in total.
"We're doing everything within our power," the spokesman said.
What exactly is Bitcoin?
A digital asset, Bitcoin is not backed by any governments. It is created through a complex process known as "mining", and then monitored by a network of computers across the world.
There is a steady stream of about 3,600 new Bitcoins a day, with more than 16.5 million now in circulation. Supply is expected to peak at about 21 million.
Every single transaction is recorded in a public list called the blockchain.
This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies or undoing transactions.
What are authorities saying about Bitcoin?
Regulators around the world have stepped up their warnings about its provenance as an investment.
One of this week's most striking comments came from Denmark's central bank governor, who called it a "deadly" gamble.
Earlier this month, the head of one of the UK's leading financial regulators warned people to be ready to "lose all their money" if they invested in Bitcoin.
Andrew Bailey, head of the Financial Conduct Authority, told the BBC that neither central banks nor the government stood behind the "currency" and therefore it was not a secure investment.
Despite the risk to individuals, US authorities have said they do not think it is a big enough part of financial markets to be a threat to broader economic stability
Salam Indonesia #Berita #followme #lifestyle #Repost #l4l #hot #f4f #wedding #video #indonesia #meme #2017 #lfl #foto #barcelona #bali #fff #jakarta #hotel #share #news #bandung #travels #viral #trending #surabaya #medan #jogja #dagelan #n #Info #fashion #like4like #instagram #followme #follow #fitness #instalike #likeforlike #lifestyle #TagsForLikes #instapic #workout #health #pink #insta #money #indonesia #interiordesign #nutrition #dinner #healthylifestyle #interior #Toronto #arte #queen #Wine #bali #school #jakarta #New #instagood #photooftheday #fashion #Beautiful #picoftheday #art #happy #photography #instagram #style #follow #instadaily #travel #life #cute #beauty #fun #amazing #photo #Selfie #smile #friends #motivation #like #inspiration #summer #design #makeup #cool Infoindo.ga
new rules, new movies, new york, new nepali movie, new music, new rules remix, new hindi movies, new order, new hindi song, new punjabi song, new songs, new album, new amazon echo, new audi a7, new anime, new action movies, new americana, new audi a8, new age, new amharic music, new animation movies, a new hope, a new world, a new england, a new beginning, a new commandment, a new dawn, a new girlfriend, a new hope ending, a new hope trailer, a new brain, new bollywood movies, new bollywood songs, new bangla song, new bangla natok, new bangla movie, new bae, new boyz, new balance, new bhojpuri song, new baby, bbc news, b news nation, bbc news intro, b news bijapur, bbc news theme, b news kolhapur, b new movie, b new song 2017, b news now open, b news live, new car, new cartoon, new comedy, new call of duty, new comedy movies, new cod, new choppa, new channel, new cartoon movies, new classic, c news, c news marathi, c new boston, c news foot, c news today news, c news khammam, c news tv, c newton, c news marathi sangamner, c news france, new dust 2, new day, new dance, new drug in brazil, new driving test, new dog, new drama, new dj song, new delhi, new dust 2 smokes, d news, d news sleep, d news antimatter, d news weed, d news samastipur, d news god, d news planet 9, d news death, d news drugs, d news stem cells, new english songs, new english movie, new eminem, new england, new eritrean music, new episode, new ethiopian movie, new ethiopian music, new ed sheeran, e news, e news kenya, e news jim carrey, e news the rundown, e news kylie pregnant, e news charles melton, e news harvey weinstein, e news reporter, e news odia, e news kuwtk, new films, new found glory, new flame, new face, new film trailers, new films 2017, new films 2018, new full movies, new freezer, new funny video, f new rules, f new song, f news live, f new movie, f new york, f new account, big f new episode, n m f news, big f new season, w w f new, new girl, new games, new grime, new game trailers, new gen, new gta, new generation, new giggs, new ghost adventures, new gadgets, g news, g news live, g newz, g new song, g news comedy, g news india, g news punjabi, g news sea1997, g news live tv, g news india live, new hindi movie 2017, new hindi song 2017, new hope club, new hairstyle, new hindi movie trailer, new hindi dubbed movies, new house, new hollywood movies, h newton, h new song 2017, h new song, h new tv, h news hindi, h new songs 2016, h new movie, h newman marsh trail, h new movie 2016, triple h new haircut, new indian movies, new indian songs, new iphone, new it movie, new intro, new iphone x, new islamabad airport, new indian bangla movie, new inventions, new indian movies 2017, i news, i need, i newspaper, i new rules, i need your love, i news live, i new movies, i new song, i news tv, i knew you were trouble, new jack city, new jersey, new jack swing, new justice league trailer, new jam, new job, new jerusalem, new jason, new jordans, new japan, j new song, j newsom, j newton, j newman, j news live, j newton howard, j new song 2017, j news telugu, j newz
No comments:
Post a Comment