Bitcoin price $6432.01 -0.07% opened the day trading at $6335 and fell 4% to $6100 within 15 minutes at 2 pm EST. Thirty minutes later, BTC gained $445 and was trading at highs of $6,550. The catalyst for the initial drop while uncertain is likely to be connected with either the CBOE XBT Expiration or the news of the hack on a Japanese based exchange Zaif, which indicated 5,966 bitcoins had been stolen. In the hours since Bitcoin has been trading in a tight $50 range around $6400 while traders try to establish whether the market is bullish or bearish on lower time frames. Despite the hair-raising dump in price, it is ... (full story)