Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Wall Street News

Bitcoin Takes a 4-Hour Plunge

January 5, 2017

Digital currency bitcoin fell more than 20% in the space of 4 hours of trading on Thursday, putting it on track for its worst daily performance in nearly 2 years.

 

The web-based "cryptocurrency" had been on a tear for the 2 previous weeks, gaining more than 40% to hit a 3-year high of $1,140 on Wednesday - just shy of an all-time high of $1,163. But it dived from around $1,130 to a low of $885 in between 0925 and 1325 GMT (8:25 a.m. ET) on Thursday, leaving it at its weakest since 12/25/16.