Bitcoin price plunges $2,000 in 12 hours as year-end rally fizzles out The Guardian/UK, Dec 22, 2017
Bitcoin went into freefall on Friday, its price collapsing from the dizzying heights of nearly $20,000 (£14,965) earlier this week to about $13,000 after its year-end rally appeared to run out of steam.
According to the CoinDesk exchange, the cryptocurrency was trading at $13,155, a fall of over 30% in five days.
Its price has fallen by more than $2,000 in 12 hours.
It came after a troubled week for bitcoin, in which a cryptocurrency exchange went bust in South Korea following a cyberattack, knocking its price.
Coinbase, another exchange based in the US, also said it was opening an investigation into sharp price increases.
More:
https://www.theguardian.com/technology/2017/dec/22/bitcoin-price-plunges-2000-12-hours-year-end-rally-fizzles-out
