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If you thought the recent bitcoin rally would be a smooth sail upwards you were in for a rude awakening yesterday. From a high of around $725 the price of Bitcoin dropped as low as $625 during the same day. However, if you were quick to jump ship yesterday you might be disappointed as well; the price of recovered today and now stands at about $670 again.
One possible reason for the drop is a couple of brief service outages at one the biggest BTC/USD excahnge by volume, Bitfinex. The firm explained that the issue was just network ... (read more)