After reaching near-record high, Bitcoin drops from $1,150 to $887, a 23% decline in six hours, then quickly recovers to around $1,000

After reaching near-record high, Bitcoin drops from $1,150 to $887, a 23% decline in six hours, then quickly recovers to around $1,000


Paul Vigna / Wall Street Journal:

After reaching near-record high, Bitcoin drops from $1,150 to $887, a 23% decline in six hours, then quickly recovers to around $1,000  —  Digital currency saw huge moves Thursday as China’s yuan gained strength  —  Bitcoin approached record highs and then fell sharply into a bear market—all in one morning.