Markets Weekly: Bitcoin's New Year Starts With a Crash

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Bitcoin's price crashed over the New Year weekend, losing $51 over two days. It opened on Saturday at $314.59 and closed Sunday at $263.63, according to the CoinDesk Bitcoin Price Index.

The plunging price got market watchers chattering as Sunday drew to a close. Unsurprisingly, a contingent of bitcoin watchers put a positive spin on the price crash, viewing it as a buying opportunity, albeit with a note of alarm.

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