[Technology] Bitcoin Tumbles Most in More Than Two Years After Record Run2017-06-16 14:50:22Hit:275
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Written in June 16, 2017
Link >> https://www.bloomberg.com/news/articles/2017-06-15/bitcoin-tumbles-most-in-more-than-two-years-after-record-run
Bitcoin sank as much as 19 percent, putting the digital currency on pace for its worst week since January 2015, as volatility climbs following a record-setting surge in the price.After flirting with $3,000 on Monday, the cryptocurrency has retreated to as low as $2,076.16 in intraday trading. Other digital coins are also falling. The decline coincides with a slide in technology stocks that began after a report from Goldman Sachs Group Inc. warned that low volatility in the biggest tech stocks may be blinding investors to risks like cyclicality and regulation.
Link >> https://www.bloomberg.com/news/articles/2017-06-15/bitcoin-tumbles-most-in-more-than-two-years-after-record-run
Bitcoin sank as much as 19 percent, putting the digital currency on pace for its worst week since January 2015, as volatility climbs following a record-setting surge in the price.After flirting with $3,000 on Monday, the cryptocurrency has retreated to as low as $2,076.16 in intraday trading. Other digital coins are also falling. The decline coincides with a slide in technology stocks that began after a report from Goldman Sachs Group Inc. warned that low volatility in the biggest tech stocks may be blinding investors to risks like cyclicality and regulation.