Bitcoin plunges 16% to below $4,250, a new low for the year [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
Guillaume Payen | LightRocket | Getty Images A smartphone displays the Bitcoin GBP market value on the stock exchange via the Yahoo Finance app. Bitcoin is still struggling to find a bottom this week. The digital currency dropped as much as 16 percent on Tuesday to its lowest level since Sept. 30, 2017, according to data from CoinMarketCap.com. Bitcoin fell as low as $4,200.22, according to data from CoinDesk, bringing its total losses in seven days to roughly 30 percent. It later rallied to $4,663 as of 10:10 a.m. ET. The price plunge came after weeks of rare stability for the world's largest and best-known cryptocurrency. While global markets churned in October, bitcoin traded comfortably in the $6,400 range — a break from volatility earlier this year. Its total losses this year are now more than 65 percent. show chapters Its epic rise last year started right after Thanksgiving as it began to gain status as a hou
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