"At the moment, the situation remains uncertain...."$2,326.49 last, down 6.73%
From Bloomberg via the Financial Post:
Bitcoin bubble bursts as cryptocurrency plunges nearly 20 per cent
Bitcoin sunk as much as 19 per cent, putting the digital currency on pace for its worst week since January 2015, as volatility climbs following a record-setting surge in the price.
After flirting with US$3,000 on Monday, the cryptocurrency has retreated to as low as US$2,076.16 in intraday trading. Other digital coins are also falling. The decline coincides with a slide in technology stocks that began after a report from Goldman Sachs Group Inc. warned that low volatility in the biggest tech stocks may be blinding investors to risks like cyclicality and regulation.
One of Goldman Sachs’s technical analysts, Sheba Jafari, sent out a note early this week saying bitcoin was poised for a reversal. Analysts at Morgan Stanley wrote in a report on Wednesday that bitcoin needs government acceptance and regulation in order to keep climbing....MORE
Goldman bitcoin technical analysts conferring