In early January, Bitcoin came within a whisker of topping its all-time high of $1,165.89, reached on November 30, 2013. Then it promptly fell off a cliff, plunging by 29 percent between January 4 and January 6, following warnings issued last week by the Chinese central bank to the country’s three largest Bitcoin exchanges.
Where the price will finally stabilize remains an open question, as far as investors, traders and players in the market are concerned. For institutions and hedge funds that invest in alternative assets, the potential advantage that Read more ... source: TheBitcoinNews
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