GIST] Bitcoin goes on wild ride and it may only get crazier

Bitcoin goes on wild ride and it may only get crazier

Highlights

After losses over the last few days, the digital currency fell as much as 30% overnight in Asia
Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded

Experts are warning that bitcoin is a bubble about to burst, but things might get crazier before it does.

NEW YORK: What's a bitcoin worth? Lately nobody knows for sure, but after a wild ride on Friday, it's worth a good deal less than it was Thursday.
After losses over the last few days, the digital currency fell as much as 30 percent overnight in Asia, and the action became so frenzied that the website Coinbase suspended trading. It later made up much of that ground, and slumped 9.5 percent to $14,042 Friday, according to the tracking site CoinDesk.

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