Bitcoin Has Been Getting Creamed

Bitcoin is now below $US450.

Just a few days ago it was near $US600.

The latest blow was last week’s IRS ruling, which some people believe will make record-keeping requirements too burdensome for mainstream use.

Here’s the chart via Bitcoinwisdom:

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.