Bitcoin tumbled Saturday after the digital currency rallied on the spot and futures markets on Friday. Most other cryptocurrencies lost ground as well, but not all.
X Bitcoin fell nearly 11% to $12,891.51, according to CoinDesk, after sinking as low as $12,182.52.
Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin also retreated. But Ripple, up some 20,000% in 2017, rose 5.6%, according to CoinMarketCap.
IBD’S TAKE: Are Bitcoin, Ethereum and other digital currencies real investments or a speculator’s game? Individual investors should be extremely cautious about diving into this new area. Read this feature about Bitcoin risks and possible gains first.
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