Bitcoin just lost $2,000 worth of its value in a couple hours

Bitcoin’s bubble just burst, at least a little bit.

The high-flying cryptocurrency declined more than $2,000 dollars in the span of a few hours on Wednesday. It’s one of the sharpest drops in recent memory and a stark reminder of the volatility of the cryptopcurrency that is suddenly on everyone’s mind.

Bitcoin’s recent rise happened almost as quickly as its Wednesday decline. Bitcoin enthusiasts cheered on Tuesday as 1 BTC surpassed $10,000 for the first time, only to see it hit $11,000 the next day. 

Wednesday’s crash pushed Bitcoin’s value below briefly below $9,000 on at least one exchange, though it appeared to have recovered some value shortly thereafter. As of 3:17 P.M. EST, Coindesk had Bitcoin trading at $9,852.54. Read more…

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