Bitcoin's wild ride continued this evening, immediately carving 35 percent off the value of the digital currency as Mt. Gox, the world's largest Bitcoin exchange, resumed trading after an extended suspension of operations.
The value of the peer-to-peer currency began trading at $78 a Bitcoin against the U.S. dollar, falling as low as $65 before recovering to trade as high as $135. The plunge followed yesterday's rollercoaster trading day, which saw Bitcoin's valuation drop 61 percent before recovering a bit with a 37 percent loss.
The decentralized digital currency, which had quadrupled in value in … Read more