Bitcoin Storms Back From Dip Below $10,000 in White-Knuckle Ride
- Regulatory scrutiny weighs on largest cryptocurrency
- Digital coin’s rebounds not uncommon after massive selloffs
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Bitcoin’s wild start to 2018 turned breakneck on Wednesday, with the largest cryptocurrency plunging below $10,000 for the first time in six weeks before staging a rally to trade virtually unchanged.
The gyrations took the digital token across a trading range of more than $2,600 over 18 hours. Its tumble to a low of $9,186 pushed a monthlong rout past 50 percent and raised the specter that last year’s 1,400 percent rally was giving way to what many considered an inevitable bursting of the bubble.