Cryptocurrencies
Bitcoin Newbies Are Getting Crushed While Old Timers Bemoan `Weak Hands’
- Cryptocurrency plummets amid hacks, tightening regulation
- ‘Just early-year market blues,’ say veterans still up 800%
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For Bitcoin investors, these are the times that try one’s soul.
After surging to almost $20,000 in December following the introduction of regulated futures contracts in the U.S., the world’s largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. It regained some ground on Saturday, rising 7.5 percent to $9,290.15 as of 2:58 p.m. in New York, according to coinmarketcap.com.