All in a day’s trading: Bitcoin Soars to Record $265, Then Crashes 60% to $105

Just a few hours ago Bitcoin was soaring to new all-time highs at $265, a double since Monday. In the last 2 hours however, the virtual currency has collapsed over 25%, and just broke below $200.

*Update 2: Bitcoin has crashed over 60% plunging to $105, rebound bounce takes Bitcoin back to $200

25% intra-day volatility is one good way to ensure no new businesses begin accepting the virtual currency as an alternative to US dollars.

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And free-fall continues, Bitcoin now down over 50% on the day!:

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