Monday, January 5, 2015

Markets Weekly: Bitcoin's New Year Starts With a Crash


Jan 5 - coindesk-bpi-chart (1)


Bitcoin's price crashed over the New Year weekend, losing $51 over two days. It opened on Saturday at $314.59 and closed Sunday at $263.63, according to the Bitcoin News Bitcoin Price Index.


The plunging price got market watchers chattering as Sunday drew to a close. Unsurprisingly, a contingent of bitcoin watchers put a positive spin on the price crash, viewing it as a buying opportunity, albeit with a note of alarm.



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