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Bitcoin Plummets 20 Percent After Major Exchange Halts Withdrawals

by CNBC

Virtual currency bitcoin lost nearly 20 percent of its value on Thursday evening after major exchange Mt. Gox halted trading to try to resolve ongoing technical issues.

The digital currency — which is known for its wild price fluctuations — was trading at $680.52 on Friday morning, having traded around $850 for most of the week, according to CoinDesk, which tracks the price of bitcoin.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

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