Today’s news that Baidu is no longer accepting bitcoin is hitting the market hard, prompting a major sell-off, with the price (at the time of this writing) hovering at $830USD/BTC.
There have been sells of 100,000+ bitcoins in minutes, if you watch the charts closely. A panic this surely is. How far down the price goes is unknown, but things are certainly not looking good at the moment.
Investors are taking advantage of the low prices, however, to acquire more coins — as one would come to expect. What’s your stance? Are you holding? Selling? Let us know in the comments section.