Bitcoin Volatility Intensifies While Exchanges Struggle With Demand
- Cryptocurrency declined as much as 11 percent in New York
- Coinbase says trading still hampered on its online exchange
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Bitcoin continues its reversal from the all-time high, slumping as much as 11 percent Thursday, as online exchanges struggle to keep up with a jump in customer interest.
After surging past $11,000 on Wednesday, the biggest digital currency has swung between gains and losses of as much as 20 percent on an intraday basis. The volatility has weighed on the prices of rival digital coins such as ether and bitcoin cash.