Why the Bitcoin Price Is Falling Today

The Bitcoin price plunged as much as 11% today (Friday) as the market reacted to a blog post by a former Bitcoin developer that said the digital currency had "failed." The news sent the price of Bitcoin skidding below $400 from about $432 the day before. But a closer look at this Bitcoin news reveals that it's not the catastrophe it appears. Here's what happened - and why it won't keep the Bitcoin price down for long... Tags: Bitcoin News , bitcoin price , bitcoin price today , Price of Bitcoin , price of bitcoin today , why is the bitcoin price falling , why is the bitcoin price falling today To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Bitcoin Price Is Falling Today appeared first on Money Morning - We Make Investing Profitable .