Bitcoin’s (BTC/USD) recent return to its formerly wild self showed no signs of abating over the weekend.
It soared to as high as $468 on Bitstamp, a level last visited during the crazed spike to above $500 in early November. It then plummeted 14% within two hours to $400. It has since crept back to $435.
Like during last month’s market mayhem, reported volumes have set new records. According to data aggregated by bitcoinity.org, 3.3 million bitcoins were traded globally during the previous 24 hours, just shy of the record 3.44 million traded on December 5. Since the resurgence in volume 2.5 weeks ago, the daily average has been 2.6 million.
http://www.financemagnates.com/cryptocurrency/trading/bitcoin-roller-coaster-continues-with-14-plunge-record-volumes/
