Bitcoin plunge accelerates in last 24 hours

Bitcoin prices plunged sharply to below 11-thousand US

dollars on Friday; the virtual currency shedding a third of its value in just 24 hours according to data from coindesk-dot-com It later rebounded to 12-thousand dollars

but that's still 25-percent lower than its price on Thursday morning Prices had approached 20-thousand dollars as recently as Sunday Experts say the drop in bitcoin is a result of the previous massive new inflows of retail investors who are more prone to sell at the sight of falling prices

There was no immediately apparent explanation for the sell off and extreme volatility

Source: Youtube

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