Bitcoin Drops 50% in Epic Two-Day Tumble
- Wild price swings continue after U.S. equities post gains
- Bitcoin’s two-day drop of as much as 50% among biggest ever
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Bitcoin is proving to be no haven asset amid the current global market meltdown.
The price of the largest digital currency continued to swing wildly as a rout that began in earnest Thursday showed no signs of slowing down. Bitcoin dropped as much as 32% to $3,915, its weakest since March 2019, before clawing back loss, according to consolidated pricing compiled by Bloomberg. Its drop of as much as 50% over the past two days is among the biggest ever.