Home Cryptocurrency News Bitcoin Bitcoin tumbles nearly 30 percent in volatile trading

Bitcoin tumbles nearly 30 percent in volatile trading

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Photo illustration by Dado Ruvic/Reuters

The value of bitcoin tumbled nearly 30 percent during a volatile session Friday, testing investors who have recently sent the cryptocurrency to astronomical heights and marking a major drop for the largest virtual currency in a highly volatile market.

Bitcoin was trading at $11,910 as of Friday morning, according to coinmarketcap.com, sending the currency down 27 percent since Thursday. The notable price drop amounted to a nearly $4,000 dive since market open, and was far below its all-time high, which came earlier this month at $19,783, according to CoinDesk, a virtual currency news site.


CoinDesk

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