Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting

Bloomberg
Bloomberg
Feb 2, 2018 · 2 min read
Photo Illustration by Chesnot/Getty Images.

By Eric Lam, Dani Burger, and Joanna Ossinger

Bitcoin whipsawed investors, falling below $8,000 for the first time since November before recovering most of today’s losses, as a miserable 2018 continued for cryptocurrencies.

Since reaching a record high of $19,511 on Dec. 18 shortly after the introduction of regulated futures contracts…

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