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Bitcoin Is Swinging Wildly--Here's Why


Bitcoin, which has exploded back into the media limelight and public consciousness over the last few weeks, has taken a turn for the worse, plunging by over 10%.

The bitcoin price, now hovering around $7,300 per bitcoin, had gained more than $2,000 in just a few short days at the end of last week but suddenly pulled back early this morning. The bitcoin price fell as low as $6,178 on the Luxembourg-based Bitstamp exchange before swinging higher again.

Bitcoin and cryptocurrency investors are nervously awaiting an expected “correction” from the market, though none are sure when it might come or how painful it might be.