|Day's range||0.73 - 0.732|
|52-week range||0.7167 - 0.8858|
|Volume (24 hrs)||70.26B|
|Volume (24 hrs) all currencies||70.26B|
A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin's biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency's notorious volatility.
"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.
Despite a bounce earlier on Friday, bitcoin may yet see further losses in the near term.