Arabi Australia Brasil Canada Deutschland España France Greece India Italia Japan Korea Maghreb México Québec South Africa United Kingdom United States Well, it had to happen some time: Bitcoin is crashing.The price of the crypto-currency tumbled nearly 21 percent on Friday to $877.46 on trading site Mt.Much of Bitcoin's meteoric rise in the past few months has been due to speculative trading in China, the Wall Street Journal pointed out earlier this week (subscription only).China's central bank shot a gigantic hole in that trade on Thursday by telling Chinese banks they couldn't use the untraceable digital currency, calling it "not a currency in the real meaning of the word."That doesn't mean Chinese investors can't keep speculating in Bitcoin, but it is a blow to the credibility of the four-year-old currency.Created by an unknown hacker or hackers known as Satoshi Nakamoto, Bitcoin has the potential to be a long-lasting digital alternative to national currencies like the U.S.

dollar and the Chinese yuan.But it has also become favored for illicit uses such as money laundering and drug-dealing, raising concerns about whether policy makers will ever embrace it fully.Regardless of Bitcoin's long-term potential, there is little doubt its price has jumped too far too quickly: It traded for less than $100 just six months ago.An official for Bitcoin exchange BTC China, where a growing percentage of Bitcoin trading takes place these days, told the WSJ that most Chinese investors are just hoping prices will keep rising long enough for them to sell and turn a profit.is bitcoin veiligThe People's Bank of China, in its statement on Thursday, reminded traders that might not be the soundest approach to investment, according to the New York Times: “The price can be easily controlled by speculators, creating severe turbulence and huge risks," the PBOC reportedly said.aapl bitcoin

"Ordinary investors who blindly follow the crowd can easily suffer major losses.”Over the past couple of weeks, the price of Bitcoin has gone up 50 per cent, spiking at over $2,700 per unit on Thursday.Demand has been so great that popular exchange Coinbase has been unable to keep up."Coinbase has experienced unprecedented traffic and trading volume this week," the exchange warned." has suffered a few outages and downgraded performance for some users this week.setting up bitcoin for solo miningOur engineering and support teams are working around the clock to restore the site to normal performance."bitcoin billionaire pc gameThe cause of all the kerfuffle appears to be Japanese retailers and investors, who are piling in after the government there announced in April that Bitcoin is now legal tender.dogecoin price chart

Companies like no-frills Japanese airline Peach are now accepting Bitcoin to book flights and other businesses are following suit, in part to woo Chinese business.Investors are also showing up in a big way, since Japanese interest rates are actually negative at the moment, meaning it costs money to save.Those planning for the future see Bitcoin as an alternative currency that's looking a lot more attractive than a traditional savings account.bitcoin money laundering chinaAdding to the currency's credibility is the fact that South Korea has announced that it also plans to make Bitcoin legal, spiking demand in that country.litecoin converterOn some South Korean Bitcoin exchanges the currency is trading at a premium, reaching over $3,000, which also led to a certain amount of arbitrage trading.bitcoin lost usb

While the currency has lost a few hundred dollars in value during Friday trading, some are predicting the price will climb higher.And there are also warnings that we might be seeing another Bitcoin bubble.We have been here before, after all.The bitcoin price has gone up and down like the Assyrian Empire, buoyed by optimism and crashed by hacking attacks and thefts, causing a collapse in confidence.Prices are dropping at the moment, hovering around $2,300.java bitcoin virusIt remains to be seen if we're in a bubble or not, but the currency's value trend is upward – albeit with a lot of ups and downs along the way.We're sorry, the page you were looking for isn't found here.The link you followed may either be broken or no longer exists.Please try again, or take a look at our homepage for the latest news and market data.You may also be interested in these pages: U.S.News Markets Pre-markets Stocks Commodities Currencies Bonds Latest Video Investing Tech Make It Report a broken link | Help | Site map

Cryptocurrency Bitcoin Is Crashing The value of Bitcoin plummets.The value of Bitcoin has experienced considerable fluctuation over the past couple of days.One Thursday, the price of a single Bitcoin rose to the high value of $2,800 before steeply declining, losing hundreds of dollars in value in a very short space of time.Currently, the value of a single Bitcoin has settled on $2501.47.This significant instability in the value of Bitcoin has caused some savvy investors to start thinking about selling their Bitcoin before things get any worse.Is the Bitcoin Cryptocurrency crashing?The sudden fluctuation in the value of Bitcoin confirms the theories of financial analyst Nicola Duke who works with Forex Analytix.Duke explains that she used a technique called “Fibonacci retracement” which tracked past trends in the value of Bitcoin to determine how it would move in the market in the first place.According to Duke, unless the market begins behaving in an incredibly unusual way, the price tag of $2,800 per Bitcoin was the absolute peak value of the currency.