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Bitcoin price drops after a surge of bad news

Bitcoin price drops after a surge of bad news

Bad news all around with Bitcoin, Mike Hearns post: The resolution of the Bitcoin experiment and Cryptsy Threatens Bankruptcy, Claims Millions Lost in Bitcoin Heist are doing big damage to the Bitcoin price.

Bitcoin dropped from around 430 USD to 355 USD the last 2 days, and now has recovered to around 370 USD.

I think most of this drop is purely based on a mountain of bad news about bitcoin in the media, with very little ohnest discussion about the issues (like On Mike Hearn, Block Size, and Bitcoin’s Future)


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