Bitcoin Stabilizes After Wild Week

Entertainment (now) 2017-12-28

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LONDON — Bitcoin's price stabilised on Wednesday after several days of volatility over the Christmas period, which saw it crash below $12,000 before recovering by more than $4,000 in short order. On Wednesday morning, bitcoin's price is little changed from its opening quote, trading at around $16,200 per coin, a gain of roughly 3%. One of bitcoin's biggest issues right now is that it is difficult to value with any objective criteria, and traditional investors remain very wary of it.

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