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KM Financial Solutions | UPDATE 3-Bitcoin drops after dramatic gains ahead of futures launch
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UPDATE 3-Bitcoin drops after dramatic gains ahead of futures launch

07 Dec UPDATE 3-Bitcoin drops after dramatic gains ahead of futures launch

Posted at 20:47h in News by
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(Updates prices, adds graphic, analyst comment)
By Jemima Kelly and Gertrude Chavez-Dreyfuss
LONDON/NEW YORK, Dec 8 (Reuters) – Bitcoin lost almost a
fifth of its value in 10 hours on Friday, having surged more
than 40 percent in the preceding 48 hours, sparking fears the
market may be heading for a price collapse.
In a hectic day on Thursday, bitcoin leapt from below
$16,000 to $19,500 in less than an hour on the U.S.-based GDAX,
one of the biggest exchanges globally, while it was

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