All in a day’s trading: Bitcoin Soars to Record $265, Then Crashes 60% to $105

bitcoinJust 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 2: Bitcoin has crashed over 60% plunging to $105, rebound bounce takes Bitcoin back to $200

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!:

bitcoin crash


bitcoin crash

And subsequent rebound bounce takes Bitcoin back to $200:

bitcoin bounce

And you thought silver was volatile!

The Other alternative currency is available As $3.25 Over Spot at SDBullion!