Bitcoin's Volatility Problem: Why Today's Selloff Won't Be the Last

Bitcoin coins at BitcoinCommodities in Berlin on Nov. 28 Photograph by Jens Kalaene/dpa via AP Photo

From recent highs of $1,240, Bitcoin plunged as much as 30 percent, to $870, early on Dec. 5, after China’s central bank announced regulations forbidding financial institutions from handling Bitcoin transactions.

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