Just when you thought it was safe to go back in the water…
Anyone thinking of dipping their toe in the water of investing in bitcoin might want to have a rethink.
A steady rally towards all-time highs for the cryptocurrency in recent weeks has veered totally off course, crashing as much as 20 per cent on Thursday afternoon.
It fell as low as $887.47 according to Coindesk's bitcoin price index (BPI), its lowest since 25 December and just days after shooting past the $1,000 mark for the first time in three years.
It had been within touching distance of its all-time high achieved in 2013.
Bitcoin pared losses and is at $945.41 at the time of publication.