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Bitcoin interrupted in white-knuckled ride
The wild ride on Wednesday underscores just how volatile the cryptocurrency has become in what some analysts warn could be one of the biggest bubbles of all time
"Bitcoin trading isn't for the novice investor," said John Spallanzani, chief macro strategist at GFI Securities LLC in New York, who does technical analysis on the cryptocurrency. "Corrections are fast and furious and you can get run over just like in the movie."
PHOTO: REUTERS
IT takes a lot to startle fans of bitcoin, the digital gold of the moment. But Wednesday was, well, a lot - a wild run of exuberant peaks and white-knuckled declines that left even diehards breathless.
The dizzying rally in bitcoin, a bull market with few precedents in investing history,...
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