Saturday, December 06, 2025 | 06:00 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Tech blip: Bitcoin plunges more than $1,800 within 10 minutes

Bitcoin soared as much as 39% this week to $13,852, the highest since January 2018

Representative Image
premium

Bloomberg
This week’s jump in Bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them: enormous volatility, and exchange overloads.

Bitcoin soared as much as 39% this week to $13,852, the highest since January 2018. But it hit a brick wall around 4:30 p.m. New York time Wednesday, plunging more than $1,800 within about 10 minutes. Moments later, prominent cryptocurrency exchange Coinbase Inc. reported a system outage, which was resolved after an hour. Swings continued Thursday, with the coin anywhere from down 7.3% to up 4.8%.
 
It was down 4.8% to
Topics : Bitcoin