Big swings continue as bitcoin briefly dips below $10,000
January 18, 2018
NEW YORK (AP) — The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 before rebounding back above $11,000 in the U.S. afternoon.
With the drop below $10,000, bitcoin had lost about half its value since hitting a high above $19,000 in mid-December. Other digital currencies bounced around as well.
Bitcoin has slumped 20 percent this week as traders worry that regulators in South Korea will crack down on trading of digital currencies. The price of bitcoin fell as much as 20 percent Wednesday, but later recovered and was nearly f...