Just a few hours ago Bitcoin was soaring to new all-time highs at $265, a double since Monday. In the last 2 hours however, the virtual currency has collapsed over 25%, and just broke below $200.*Update: Bitcoin has now crashed over 50% plunging into the $120′s, with free-fall in progress
25% intra-day volatility is one good way to ensure no new businesses begin accepting the virtual currency as an alternative to US dollars.
And free-fall continues, Bitcoin now down over 50% on the day!:
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