Markets More: Bitcoin
MELTDOWN: BITCOIN CRASHES TO $576
Sam Ro

Dec. 7, 2013, 6:16 AM 71,318 74

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That's not good.

Bitcoin fell from a high of $1,079 to a low of $576 today. This is according to data from Mt. Gox. Also, this represents a breathtaking 46% crash.

Currently, Bitcoin is back to the $700 level. This is still down a whopping 35%.

The sharp moves come in the wake of China's clampdown on the controversial digital currency

Read more: http://www.businessinsider.com/bitcoin-crashes-to-576-2013-12#ixzz2o0Riq6C8