Damn.. That’s ugly.
As always.. It’s been a wild and interesting past few days for the burgeoning, young digital currency markets.. and of course, all eyes on Bitcoin.
Huge Crash.. Slight Recovery.
At the time of writing this, BTC has rebounded slightly up from that landslide of red you see above, and is hovering around the $750 range. This after losing around 50% percent of it’s value in just a few short days, dropping to as low as the upper $5xx range.
As Bitcoin presently remains mostly an instrument of speculation, it’s no surprise that such fluctuations in the market have become almost commonplace. The speculation is, of course, that Bitcoin and possible other cryptocurrencies, are going to become an increasingly disruptive force in the years to come. [Read more...]