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Bitcoin Instantly Plunges 35% As Exchange Reopens

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Matthew Boesler
Business Insider
April 12, 2013

Mt. Gox, the world’s largest Bitcoin exchange, reopened at 10 PM ET Thursday following a 12-hour trading halt.

The virtual currency plunged to $78, instantly losing 35% of its value from where it was when trading was halted earlier in the day ($120).

From Wednesday’s intraday peak of $266, Bitcoin had lost 70% of its value.

After a few wild swings tonight, Bitcoin is now trading around $97 (down 19 percent from before the trading halt and 64 percent off Wednesday’s high).

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This article was posted: Friday, April 12, 2013 at 4:46 am

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