Bitcoin jumps 1,000% in a year; call it the new 'Tulip Mania', say analysts

The cryptocurrency shows wild swings since Wednesday - within hours of crossing the $11,000-mark, plunges nearly 20% to $9,009 in less than 90 minutes, and then rises again to trade above $10,000

Having seen a 10-fold jump in one year, popular cryptocurrency, Bitcoin remains volatile – it continues to make the headlines and be a favorite for many. But the trends in Bitcoin mania have appeared a little confusing since Wednesday, with the cyptocurrency plunging nearly 20 per cent in less than 90 minutes – to a low of $9,009, within hours of crossing the $11,000-mark. On Thursday, again, Bitcoin was trading above the $10,000 mark, according to coinmarketcap.com.
 
The cryptocurrency’s acceptance, it would seem, continues to rise, despite investing gurus like Warren Buffet, Tidjane Thiam and Jamie Dimon earlier warning