|Day's range||1.001 - 1.002|
|52-week range||0.8995 - 1.0848|
|Volume (24 hrs)||95.18B|
|Volume (24 hrs) all currencies||95.18B|
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.