Tags: bitcoin | bubble

Bitcoin Seen Popping Like the Greatest Bubbles by BofA

Bitcoin Seen Popping Like the Greatest Bubbles by BofA
(Nils Ackermann/Dreamstime)

Tuesday, 10 April 2018 07:04 AM

The greatest bubble in history is popping, according to Bank of America Corp.

The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.

The cryptocurrency has fallen more than 65 percent since peaking in December at $19,511. Bitcoin rose 2.2 percent to $6,750 on Monday.

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The greatest bubble in history is popping, according to Bank of America Corp.
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2018-04-10
Tuesday, 10 April 2018 07:04 AM
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