Bitcoin Crashes 21%

December 6, 2013 2:30 PM EST
Bitcoin is down 21% in the past 12-hours. The virtual currency last traded at $875, after reaching an all-time high of $1240 a few short days ago.

Moments ago it was reported that (Nasdaq: BIDU) said it is suspending bitcoin payment acceptance due to value fluctuations.

In his report yesterday, David Woo, FX and Rates Strategist at Bank of America Merrill Lynch, said that's acceptance was one of his reasons to like Bitcoin.

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